Independent Director Services
We provide the independent director services and experience you demand.
Lenders may require independent personnel to serve on boards of single purpose entities (SPE’s). SPE’s are created to protect assets in large real estate transactions. Independent personnel also play a critical role for an entity in distress.
Our independent personnel have experienced firsthand entities in distress and are familiar with the fiduciary duties of a director in a company that is insolvent or entering the zone of insolvency.
KRH Staffing personnel have experience with the nations premier source for independent director services. Our team of independent personnel bring knowledge and years of experience
to each project.
KRH Staffing has a “per entity” pricing structure. We charge a single fee for each entity whether there are one or multiple independent personnel. There is also no additional fee to take on an another role such as Independent Manager and Springing Member.
Because these transactions are often time sensitive, KRH can have independent personnel in place<em> in a matter of hours</em>.
An Independent Director is a member of the board of directors of a company who does not form part of the executive management team. They are not employees of the company or affiliated with it in any other way and are differentiated from inside directors, who are members of the board who also serve or previously served as executive managers of the company. Typically the duties of an Independent Director are defined and limited by the organizational documents of an entity as well as a separate agreement with the Independent Director.
What Is a Registered Agent?
Most jurisdictions in the US require a business entity that is formed or doing business within the jurisdiction appoint and maintain a Registered Agent. A registered agent may also be known as a resident agent or statutory agent.
Why do I need a Registered Agent? What do you do?
A registered agent provides a legal address in a jurisdiction where persons available during normal business hours to receive legal service of process. The registered agent is also often the address the many branches of state government use to send official documents such as tax notices and annual report forms.
Can You Be Own Registered Agent?
Yes, although in most jurisdictions entities are prevented from acting as their own agent.
What Are the Benefits of Having a Registered Agent?
A registered agent forwards legal and official documents to the entities it represents. It may also assist the entity in maintain its status in a jurisdiction as well as many other value added services.
What are my risks if I don’t have a Registered Agent?
Penalties for not maintaining a registered agent may be revocation of an entities legal status, penalty fees on the entity and the inability to maintain any legal action in the jurisdiction.
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