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COMPANY LIMITED BY GUARANTEE Memorandum of Association for Glycogen Storage Disease (UK) Limited 1 The companies name is: Association for Glycogen Storage Disease (UK) Limited (and in this document

How to fill out company limited by guarantee

How to fill out a company limited by guarantee:

1. Research and understand the concept: Before starting the process, it is important to have a clear understanding of what a company limited by guarantee is. It is a type of legal structure commonly used by non-profit organizations, charities, clubs, and associations. It does not have shareholders and instead has members who act as guarantors and agree to contribute a predetermined amount if the company faces financial difficulties.
2. Choose a name for your company: Just like any other type of company, a company limited by guarantee needs a unique name that is not already in use by another organization. Ensure that the name is suitable and aligned with the purpose of your company.
3. Prepare the required documents: To successfully register a company limited by guarantee, certain documents must be prepared and submitted. These documents typically include the Articles of Association, Memorandum of Association, and the Application for Registration.
4. Draft the Articles of Association: The Articles of Association outline the rules and regulations that will govern the company. It includes details such as the company's objectives, how decisions will be made, how members will be appointed, and any other specific rules that the company wishes to uphold.
5. Draft the Memorandum of Association: The Memorandum of Association provides details about the company's purpose and the guarantee given by its members. It must state that each member guarantees to contribute a specific amount in case the company is wound up.
6. Complete the Application for Registration: The Application for Registration is a form that needs to be filled out with the necessary information about the company, including its name, registered office address, details of members, and the company's guarantee amount.
7. Submit the documents to the relevant authority: Once all the required documents are prepared and executed properly, they need to be submitted to the relevant authority in your jurisdiction. This is usually the Companies House or the appropriate regulatory body.

Who needs a company limited by guarantee:

1. Non-profit organizations: Many non-profit organizations, such as charities, educational institutions, and social clubs, opt for the company limited by guarantee structure due to its benefits in terms of legal protection, credibility, and distinct legal entity status.
2. Clubs and associations: Various clubs and associations, including sports clubs, social clubs, and community organizations, may choose to register as a company limited by guarantee to ensure transparency, legal recognition, and limited liability for their members.
3. Charitable foundations: Charitable foundations often adopt this structure to effectively manage their activities, ensure a clear and accountable governance structure, and attract donors and funding.

In conclusion, to fill out a company limited by guarantee, it is essential to understand the concept, choose a suitable name, prepare the required documents (Articles of Association, Memorandum of Association, and Application for Registration), and submit them to the relevant authority. This legal structure is commonly used by non-profit organizations, clubs, associations, and charitable foundations to provide legal protection, governance structure, and limited liability for their members.

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What is company limited by guarantee?

A company limited by guarantee is a type of corporation that does not have a share capital or shareholders but is instead guaranteed by its members.

Who is required to file company limited by guarantee?

The company limited by guarantee is required to file its annual return and financial statements with the Companies House.

How to fill out company limited by guarantee?

To fill out a company limited by guarantee, you need to complete the necessary forms provided by the Companies House, including information about the company's directors, members, and financial status.

What is the purpose of company limited by guarantee?

The purpose of a company limited by guarantee is often for non-profit organizations, charities, or clubs who want to have a separate legal entity from its members.

What information must be reported on company limited by guarantee?

The information that must be reported on a company limited by guarantee includes the company's registered office address, details of the directors and members, and financial statements.