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Recordkeeping - Faqs
What kind of records does a non-profit have to keep about its directors?
Recordkeeping - FaqsWhat kind of records does a non-profit have to keep about its directors?
The Societies Act requires a non-profit to keep a register of the names of its directors along with a piece of contact information provided by them. The non-profit must also have proof of their consent to act as directors, the date they were elected/appointed, and the date they stopped holding office.
Societies Act - Fact sheetsDirectors
This Fact Sheet provides information about being a director of a non-profit in the Yukon.DefinitionA director of a non-profit, also known as a “board member”, is an individual who has been elected or appointed to oversee a non-profit’s activities and
Recordkeeping - Faqs
What are official records?
Recordkeeping - FaqsWhat are official records?
Official records are those a non-profit must keep, either in digital or paper format, under section 22 of the Societies Act. These are records about governance, members, directors, and finances of the non-profit. For example, non-profits are required to keep governance documents such as its certificate of incorporation, constitution, and bylaws.
Societies Act - Faqs
What is a non-profit or society?
Societies Act - FaqsWhat is a non-profit or society?
The word society is used in Yukon to mean non-profit organization (NPO). Societies are governed by a law called the Societies Act. The Societies Act sets out the rules and procedures for incorporating, managing, and dissolving a society in Yukon.
Societies Act - Faqs
Why incorporate a non-profit?
Societies Act - FaqsWhy incorporate a non-profit?
Incorporation as a non-profit gives it legal status separate from its members. This legal status means the non-profit can do things in its own name, such as borrow money. It also means the non-profit, rather than the individuals, is liable for any debt.
Societies Act - Helpful linksYukon Societies Act
Resources to start, maintain, or dissolve a society and more.
Societies Act - Faqs
Do you need a constitution and bylaws to incorporate a non-profit?
Societies Act - FaqsDo you need a constitution and bylaws to incorporate a non-profit?
Yes. The constitution (name and purposes) and bylaws (rules for governing) are the foundational documents for incorporating a non-profit.
Societies Act - Faqs
What purpose does a non-profit serve?
Societies Act - FaqsWhat purpose does a non-profit serve?
Societies may be set up for a wide range of purposes, such as daycare, recreation or arts, sports, and social clubs. A non-profit’s purpose cannot be to make money, but the non-profit can operate a business to support its purposes. For example, a seniors’ network might operate a thrift shop (a business), but all the proceeds go toward providing services and programming for seniors (the non-profit’s purpose).