Kentucky Board Member Agreement

State:
Multi-State
Control #:
US-ENTREP-0022-2
Format:
Word; 
Rich Text
Instant download

Description

A board member agreement is the promise a board member makes when accepting a position for nonprofit board service. It is not a legal document but an internal agreement, asserting the board member's commitment to the organization in addition to an understanding of the general board responsibilities (as discussed in E-Policy Sampler: Role of the Board). These documents are useful tools for recruitment purposes in that they clearly state what board service is all about; sometimes, they supplement more holistic board job descriptions.
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FAQ

To register a foreign corporation in Kentucky, you must file a Kentucky Certificate of Authority with the Kentucky Secretary of State. You can submit this document by mail, online, or in person. The Certificate of Authority for a foreign Kentucky corporation costs $90 to file.

(1) Members of boards of education shall receive no salaries, but members of boards of education may receive, for each day a regular or special meeting is attended, a per diem of one hundred fifty dollars ($150) and their actual expenses. Members shall receive this same per diem for training required by KRS 160.180.

If a foreign corporation or foreign LLC registered in Kentucky no longer wants to do business there, it can apply to withdraw its registration in the state. To do so, the corporation or LLC would submit a Certificate of Withdrawal, and an exact copy, to the Kentucky Secretary of State (SOS) by mail or in person.

You can check the availability of a name through an online search, in writing, or by phone at (502) 564-3490. If you are not quite ready to form a business entity but you would like to reserve a business name, you can file an application for reservation or renewal of reserved name?.

What are the duties of the Secretary of State? Pursuant to KRS 14.025, the Secretary of State directs the Department of State of the Commonwealth of Kentucky. The department is organized into three offices: the office of business, the office of administration, and the office of elections.

Being organized under the laws of Kentucky. Having a commercial domicile in Kentucky. Owning or leasing property in Kentucky. Having one or more individuals performing services in Kentucky.

The Registered Agent can be a person or a company. If the Registered Agent is a person, they must be over 18 years old and have a physical address in Kentucky. If the Registered Agent is a company, it must be authorized to do business in Kentucky.

Who needs to register their business? In most cases, all businesses in Kentucky are required by law to register with the Office of the Secretary of the State, the Department of Revenue, the Office of Employment Training, the Internal Revenue Service and with local municipalities to obtain business licenses and permits.

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Kentucky Board Member Agreement