United Kingdom Limited by Guarantee
Essential features of Limited by Guarantee
Set up price € 1599,00
This company form has no share holders,instead gauarntors.The guarantors guarantee to take over in the event of debts.Limited by guarnatee has members instead shareholders.No shares-nos stock – the company is owned and controlled by all its members.Guarantee companies have the option of employing of directors.This company does not belong to anyone – all members are obliged to finance the company. It is established primarily for the following functions: associations, real estate,charities,clubs etc.
In the price icluding:
- One hour consultation fee by Email
- One year legal adress
- Companies House Fee
- Copy of Certificate of Incorporation
- Copy of Company Memorandum
- Copy of Articles of Association
- Copy of Members Certificate
- Copy of Company Register
- Help to set up business Bank account
An **English Limited by Guarantee** company is a type of legal structure primarily used by non-profit organizations, clubs, associations, and charities. In this structure, the liability of the members is limited to a fixed amount, usually a nominal sum (like £1), that they agree to pay in the event that the company goes into liquidation.
Here’s how it works:
1. **No shareholders**: Instead of shareholders who own a portion of the company, members (who are typically the founders or active participants) are involved. They don’t receive dividends or profits but can have voting rights to influence the direction of the company.
2. **Limited liability**: The liability of each member is limited to the amount they agree to guarantee in the event of financial problems, which is often a small, predefined amount.
3. **Non-profit focus**: Limited by guarantee companies are typically formed for non-profit purposes, such as running a charity, a club, or a social enterprise. Any profits generated are reinvested into the company to support its goals.
4. **Registered status**: These companies are required to be registered with Companies House in the UK and comply with corporate governance requirements, including filing annual financial statements and appointing directors.
It’s a common choice for organizations focused on social, charitable, or community goals, as it allows them to operate with a degree of formal business structure but without the profit motive.