A Company Limited by Guarantee is a type of company that does not have a share capital or shareholders and is usually formed to manage a charity or not for profit organisation such as a sports club or political party.
Rather than having shareholders a limited by Guarantee Company will have guarantors (or trustees), such individuals enjoy limited liability status but guarantee to pay a predetermined sum (usually £1.00) in the event of winding up the company.
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As mentioned above a company limited by guarantee does not have a share capital or shareholders. Such companies also have a list of predetermined ‘objects’ stipulated in their Memorandum of Association, the objects define what the company will do and usually include a clause to restrict the directors from paying out any profits to the trustees, but rather to reinvest any profits in fulfilling the company's objects.
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Using our intuitive Incorporation system you can form a company Limited by Guarantee
quickly and easily. All forms are completed online and the average turnaround from
payment to receipt of your company registration number is around 5 hours.
The cost for incorporating a company limited by guarantee is inclusive of the statutory
filing fee of £20.00.
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On successful incorporation of your company we will print a certificate of incorporation
in accordance with the guidelines set forth by Companies House. The certificate
of incorporation will display the company registration number and the official seal
of Companies House. In many cases the certificate of incorporation is required to
open a bank account.
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When forming your company we submit a generic Memorandum and Articles of Association
to Companies House, this is suitable for practically all commercial companies. On
successful incorporation you will receive a professional looking copy of these documents
bound in a presentation file. These documents will be despatched 1 st class on the
day the company is incorporated at Companies House.
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Basic Package (£79.99)
Standard Package (£94.99)
Executive Package (£119.99) |
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