What is a company limited by guarantee?
A company limited by guarantee is typically used by non-profit organisations. This type of company has guarantees and guarantors rather than shares and shareholders.
Why would I choose this package?
It is ideal for anyone setting up a not for profit company such as a workers’ co-operative, membership organisation, club, or sports association.
A limited by guarantee company structure is very popular for non-profit organisations because it provides limited financial liability to the company owners (guarantors). This means their personal finances are legally protected if the company encounters any financial difficulty or is sued.
When should I choose the limited by guarantee package?
This package is ideal for anyone setting up a non-profit company, such as membership organizations, clubs, and workers’ co-operative or sports associations.
Is this the right package for setting up a charity?
No. This package is not suitable for setting up a charity. To set up a charitable organization
How is a guarantor different from a shareholder?
The main difference between a guarantor and shareholder is that a shareholder would take profits from the company. A guarantor, under normal circumstances, will not take profits, and instead, any profit is re-invested into the company.
What are the benefits of forming a limited by guarantee company?
A limited by Guarantee Company provides limited financial liability to the company owners (guarantors). This means their personal finances are legally protected if the company encounters financial difficulties or gets sued, making it a popular and secure option for non-profit organizations
Is this package suitable for setting up a charity?
No - it is unsuitable for setting up a charity because a charitable company requires a special memorandum and articles of association that details the specific objects of the company. The Model articles provided are unsuitable for this purpose.
Register your company in the UK, with a strong Central London business address and begin with the strongest foundation for success. We offer easy, reliable international business registrations for non-UK residents.
Enter your company name to check availability and view our packages
