Nonprofit organisations in Kentucky will almost certainly need to designate and have a registered agent.
A registered agent receives any official documents from the State of Kentucky, as well as any service of process filed on a firm in a lawsuit.
A registered agent is a professional that will represent your organisation to the Kentucky Secretary of State while you run your company. Registered agents are sometimes known as resident agents, statutory agents, or service of process agents in certain jurisdictions.
Typically, your registered agent will receive communications such as compliance information and tax notices on your behalf. Registered agents are responsible for accepting what is known as service of process. Simply put, if your organisation is ever sued, your registered agent will receive the court summons and paperwork on your behalf.
The following are the criteria for registered agents in most states:
As long as they complete the qualifications outlined above, anybody may act as your nonprofit’s registered agent. You may choose to be your nonprofit’s registered agent, or you can designate a member of your board of directors or a trustworthy friend.
If you decide to serve as your organization’s registered agent, you must grasp the significance of this role. If you miss a filing date or misplace a document, your nonprofit’s compliance status may be jeopardised, and the Secretary of State may revoke your nonprofit’s corporate registration.
Many organisations and other companies engage a professional registered agent service to guarantee that their company is always in compliance.
Before you choose a Kentucky registered agent service, think about the benefits and drawbacks of this technique.
There are various reasons why you should consider employing a registered agent service for your nonprofit organisation. This strategy, in particular, can:
The sole downside of using a registered agent service is that it is expensive, while you may serve as your own registered agent for free.
While employing a professional registered agent service is a good idea for many reasons, in other cases it is required. If you answered “yes” to any of the following questions, your organisation should use a registered agent service.
When you submit your Kentucky nonprofit’s Articles of Incorporation, you must choose a registered agent. In Kentucky, the fundamental nonprofit creation document is the Articles of Incorporation.
The Kentucky Online Gateway website allows you to submit your nonprofit’s Articles of Incorporation and pay the $8 filing fee online. You may choose your nonprofit’s registered agent when filling out the Articles of Incorporation online.
Download Incorporate NAI – Articles of Incorporation, fill it out completely, and return the original plus one copy (with with the $8 filing fee) to the Kentucky Secretary of State to form your Kentucky nonprofit by mail or in person. In Article III, you will provide the name and contact information for the registered agent.
Your registered agent must sign the Articles of Incorporation or a separate Form CRA – Statement of Assent of Registered Agent to consent to their appointment.
Simply fill out Form RAC – Statement of Change of Registered Agent and submit it to the Kentucky Secretary of State to officially change the registered agent of your Kentucky nonprofit.
Your new registered agent must also sign the change form to confirm their appointment.
When you work at a charity, you have more essential things to worry about than monitoring the mail, submitting legal paperwork, and remembering compliance deadlines. A registered agent can help you with that. When you engage a professional registered agent service, you can put these responsibilities in their skilled hands and completely concentrate on what is most important to your firm.
