|
Companies Limited by Guarantee
What is a Guarantee Company?
A company limited by guarantee is an alternative
type of incorporation used primarily for non-profit organisations
that require corporate status. A guarantee company does not have
a share capital, but has members who are guarantors instead of shareholders.
The guarantors give an undertaking to contribute a nominal amount
towards the winding up of the company in the event of a shortfall
upon cessation of business. It cannot distribute its profits to
its members, and is therefore eligible to apply for charitable status
if necessary.
Common uses of guarantee companies include clubs,
membership organisations, sports associations and charities.
Price and how to order
Our charge for incorporating a company limited
by guarantee is £120.00 plus VAT. This is slightly
higher than for ordinary companies limited by shares as there are
specific details that must be included in the Memorandum and Articles
of Association. We will contact you having received your order to
ascertain further details that we require in order to prepare the
appropriate governing documents. Please contact us by email
or telephone on 0161 440 8884 to discuss your requirements in more
detail if necessary..
Company
Formations | Trademark Registration | Shareholder Agreements | Registered Office Facilities | Annual Compliance Service | Links | Home |