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EUROPEAN AIR LAW ASSOCIATION Company limited by guarantee — Company No. 6374877, registered in England and Wales 10th MUNICH LIABILITY SEMINAR HILTON HOTEL MUNICH AIRPORT REGISTRATION FORM PLEASE

How to fill out company limited by guarantee

How to fill out a company limited by guarantee:

1. Before filling out the paperwork, gather all the necessary information and documents required for company formation, such as the company's name, registered address, and details of the guarantors.
2. Draft the Memorandum of Association, which outlines the company's objectives and rules. This document must be signed by each member who will guarantee a certain amount in the event of the company's liquidation.
3. Prepare the Articles of Association, which governs the internal management and administration of the company. It sets out the rights and responsibilities of the members, directors, and officers.
4. Complete the application form for company registration, providing all the required details, including the company's registered office address, the names and addresses of the guarantors, and other relevant information.
5. Submit the completed application form, along with the Memorandum and Articles of Association, to the appropriate regulatory body, such as the Companies House in the UK.
6. Pay the applicable fees for company registration, which may vary depending on the jurisdiction and the services required.
7. Once the company limited by guarantee is registered, obtain a Certificate of Incorporation, which serves as legal proof of the company's existence.

Who needs a company limited by guarantee:

1. Non-profit organizations like charities, clubs, or associations often choose to set up a company limited by guarantee. This structure allows them to have a separate legal entity and protects the personal assets of members who guarantee a particular amount.
2. Companies limited by guarantee are commonly used by professional bodies, trade associations, or educational institutions that aim to promote a particular profession or industry.
3. Startups or social enterprises with a primarily social or charitable purpose may opt for a company limited by guarantee, as it provides a legal structure that allows them to fulfill their objectives while safeguarding the interests of their members.

Note: It is essential to seek professional advice and consult with legal and accounting experts while setting up a company limited by guarantee, as the requirements may vary based on the jurisdiction and the specific needs of the organization.

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What is company limited by guarantee?

A company limited by guarantee is a type of corporation that does not have shareholders or share capital. Instead, it is owned by members who act as guarantors, agreeing to pay a nominal amount in the event of the company's liquidation.

Who is required to file company limited by guarantee?

Any organization or entity that operates as a company limited by guarantee must file with the appropriate government authorities as required by law.

How to fill out company limited by guarantee?

To fill out a company limited by guarantee, you will need to prepare the necessary legal documents, obtain the required signatures from members, and submit the paperwork to the relevant government agency.

What is the purpose of company limited by guarantee?

The purpose of a company limited by guarantee is typically for non-profit organizations, charities, clubs, or associations to guarantee limited liability for their members and to carry out specific objectives without the need for shareholders.

What information must be reported on company limited by guarantee?

Information that must be reported on a company limited by guarantee typically includes the organization's name, address, directors, members, and financial statements.