Corporate Membership Application

Thank you for your interest in becoming a corporate member of the Kelowna Yacht Club.

This is the second step of becoming a Corporate Member. If you haven’t already done so, please complete the Corporate Intent to Apply application prior to starting this application.

Are you Eligible to Apply

To be eligible for Corporate Membership, an organization must meet the following criteria:

  • Corporate Status
    • Be a legally registered corporation, limited liability company (LLC), partnership, or other recognized business entity.
  • Good Standing
    • Be in good legal and financial standing.
  • Letter of Intent
    • Submit a letter of intent from the Board of Directors or the Owner of the organization confirming:
      • the desire to become a Member of the Kelowna Yacht Club, acknowledging the initiation fee, annual dues, and fees.
      • the individual authorized to represent the organization in all Club-related decisions.
      • the primary designee on the account who is responsible for
        • the addition/removal of any designee
        • agrees to receive and respond to all communications from the Club
        • be responsible and accountable for the actions of all designees and their guests
      • the financial contact for all payments, statements, or other accounting requirements
    • Business Registry Documentation
      • Provide a copy of the BC Business Registry showing the directors of the organization
  • An organization that is a holding company or a trust company is not eligible for a Corporate Membership.
  • All designees must be an Employee, Partner, Director, or Officer of the organization.

KYC h. Corporate Membership - bylaw 3h

3. Membership Classes. Members shall be comprised of the following Membership classes:

h. Corporate Member. This class of Member is an organization that shall:

i. be eligible to hold moorage (maximum one slip) in accordance with Regulations;
ii. be entitled to all Clubhouse privileges, including eligibility to use a House Account;
iii. not be entitled to hold office or vote at any General Meeting of the Club, however may attend as an observer with no stated opinion;
iv. have up to six (6) designees who are either an employee, Partner, Director or Officer designated within the organization as the named Members to use the Clubhouse and have signing authority on a corporate House Account. Designees accept personal liability for any and all charges incurred, as prescribed by Club Policies;
v. membership includes three (3) designees, with each additional designee paying an additional fee as prescribed by Club Policies;
vi. appoint one of the designees as the “Primary Member” who agrees to receive and respond to all communications from the Club;
vii. pay any Initiation Fee and Annual Member Dues and all other fees, assessments or debts as required by Club Policies; and
viii. be responsible and accountable for the actions of their guests.

The Primary Member shall be responsible and accountable for the actions of all corporate designees, and their guests and can only be changed by delivery of written notification as required by Club Policies. Any Corporate Member designee who wishes to upgrade to Regular Member status must apply for approval to do so and, if accepted, must pay such Initiation Fee as prescribed by Club Policies.

Corporate Membership One-Time Fees and Annual Expenses

Membership fees, expenses, and services may change without notice. For applications approved following November 30th, select annual expenses are subject to prorated pricing for the first fiscal year of membership.

Current Fiscal Year Membership Expenses

  • $2,923.00 + applicable taxes (Includes $1,500 prepaid minimum spend) for the first three designees
  • $1,047.00 + applicable taxes (Includes $500 prepaid minimum spend) for each additional designee

One-Time Fees

  • Initiation Fee (one-time fee) | $20,000.00 + GST
  • Application Deposit | $5,000.00 – non-refundable
    • The application deposit will be credited towards the initiation fee upon membership approval.
Corporate Membership Application

Company Information

Role and name of person completing this application

Corporate Designees

Corporate memberships at KYC include three (3) designees but can have up to six (6) designees. For every additional corporate designee after the first three, additional fees apply (Current posted rates), including an additional $500 prepaid minimum spend.

The Primary Member is considered one of the initial three designees.

Primary Member – A Designee

The Primary member of a Corporate Membership is the decider on the financial, membership, and moorage aspects of the corporate account. The Primary Member shall also be ultimately responsible and accountable for the actions of all corporate designees, and their guests.

The Primary Member of the Corporate Account is also listed as the ‘A Designee’ and can only be changed by delivery of written notification on the company’s letterhead by the existing Primary Member. The Primary Member is considered one of the initial three designees.

Additionally, a member of your team can be added to manage your account from a financial and administrative perspective. This person is not a designee and does not have signing authority on the membership.

If your submitted Letter of Intent has the individual authorized to represent the organization in all Club-related decisions is not going to be the Primary Member on the account that person will be listed as the ‘decision maker’ of the membership.

Designee List

Please list your designees here, with their contact info. The Club will send a small application to each designee to gather their information and have them acknowledge some Club information. Please inform each Designee to accept, read and action the email they receive from the Kelowna Yacht Club to begin the process of activating their membership.

As with any membership, each member designee proposed by the corporation will be required to have the two (2) sponsor members, be approved by the KYC Board of Directors, and complete all required onboarding processes.

Primary Corporate Member (A – Designee)

Acknowledgements

Moorage

Corporate Members are eligible to hold moorage (maximum one slip) in accordance with Regulations.
Once approved for membership you will be able complete the application for the Moorage Wait List.

Fee Schedule

Fees and services may change without notice. Annual membership expenses consist of dues, fees, and assessments.

Membership Dues / Fees Payment Options

The Kelowna Yacht Club offers a variety of convenient ways for a member to pay their dues and fees. Options currently offered are cash, cheque, debit, credit card, setting the Club up as a payee through online banking, online portal for one-time or recurring credit card payments (PAC), and with a pre-authorized debit plan (PAD) agreement.

One-Time Initiation Fee Payment Options

Upon joining the Club, the initiation fee must be paid for prior to becoming a member.

Signature

Clear Signature
By typing out my full name, I acknowledge that I declare all particulars shown are correct; I have read, understand, and agree to the terms and conditions stated in this electronic form. I further understand that a signature card must also be submitted for reference and that this electronic form and the submitted signature card will have the same legal effect. Additionally, I confirm that I have the authority to complete this form on behalf of the company.

Finish

If you have filled out the fields above and wish to submit your application, please hit the submit button below.