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This document contains the articles of association for Arthritis Ireland, detailing the governance, membership, meetings, and operational protocol of the organization.

How to fill out company limited by guarantee

How to fill out COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL

1. Begin by selecting a unique name for your company that complies with naming regulations.
2. Prepare the company's constitution, including the memorandum and articles of association.
3. Gather the details of the members who will act as guarantors, including their names and addresses.
4. Fill out the registration form (Form IN01 in the UK) with the required information including company name, registered address, and details of the members.
5. Include the statement of guarantee indicating the amount each member agrees to contribute if the company is wound up.
6. Pay the registration fee as prescribed by the relevant authority.
7. Submit all documents to the company registry (e.g., Companies House in the UK) for approval.
8. Upon approval, the company will receive a Certificate of Incorporation confirming its legal status.

Who needs COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL?

1. Nonprofit organizations that want to limit liability for their members and do not intend to distribute profits.
2. Charities looking for a formal structure to operate under, especially if they are seeking charitable status.
3. Clubs, associations, and societies that require a formal legal entity to govern and manage their activities.
4. Organizations involved in community projects or social enterprises that prioritize social goals over profit.

People Also Ask about

Is limited by guarantee having share capital?

The balance sheet of a company limited by guarantee will be the same as that of a company limited by shares, apart from the fact that it will have no share capital.

What is a private company limited by guarantee without share capital?

A company limited by guarantee is much like an ordinary private company limited by shares. It is registered at Companies House, must register its accounts and an annual return each year, has directors, etc. A major difference is that it does not have a share capital or any shareholders, but members who control it.

What is the difference between limited by shares and private limited company?

LTD Company is also called public LTD Company as its shares are freely traded on the stock exchange. On the other hand, there are fewer shareholders in a PVT LTD company and even these are friend or relatives. By definition, PVT LTD Company is smaller in nature and operations than a LTD Company.

What does "limited by guarantee without share capital" mean?

A company limited by guarantee is much like an ordinary private company limited by shares. It is registered at Companies House, must register its accounts and an annual return each year, has directors, etc. A major difference is that it does not have a share capital or any shareholders, but members who control it.

What is a company with no share capital?

A company limited by guarantee (CLG) is a type of company where the liability of members in the event the company is wound up is limited to a (typically very small) amount listed in the company's articles or constitution. Most have no share capital, although rare exceptions exist.

Is a company limited by guarantee having a share capital?

A company limited by guarantee is just a limited company, but with the obvious difference to the usual company entity of there being no share capital. The company's members are guarantors rather than shareholders.

Are private companies limited by guarantee without a share capital?

Companies limited by guarantee without a share capital are typically used for non-profit organisations and clubs that require legal personality. This kind of company is limited by guarantee rather than capital, meaning that the parties involved are guarantee members and are not shareholders.

What are the limitations of a company limited by guarantee?

Disadvantages of trading as a company limited by guarantee This type of company cannot issue shares, members do not receive dividends from profits, and it does not have share capital and hence cannot raise capital. Businesses rarely use these types of the company because of all those reasons.

For pdfFiller’s FAQs

What is COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL?

A company limited by guarantee and not having a share capital is a type of corporate structure commonly used by non-profit organizations. Members of such a company do not hold shares but instead guarantee to contribute a predetermined amount towards the company's liabilities if it is wound up.

Who is required to file COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL?

Typically, companies limited by guarantee must file with the relevant authorities, such as Companies House in the UK, annual accounts and confirmation statements. Directors and secretaries of the company are generally responsible for ensuring these filings are completed.

How to fill out COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL?

To fill out the required forms for a company limited by guarantee, you will need to provide details such as the company name, address, principal activities, the amount guaranteed by each member, and details of the directors and secretary. The application must be submitted to the appropriate regulatory body along with any required fees.

What is the purpose of COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL?

The primary purpose of a company limited by guarantee is to enable groups or associations to operate as legal entities without the need for share capital. This structure is commonly used for charitable organizations, clubs, and nonprofit entities which do not intend to distribute profits to members.

What information must be reported on COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL?

Required reporting information typically includes details about the company's financial performance, such as the balance sheet and profit and loss statement, the names of directors and secretaries, the guarantee amounts committed by members, and details of any changes in the company's structure or governance.