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Appendix II Proposed New Articles of Association Company Limited By Guarantee New Articles of Association of Landau Boat Club Limited (Incorporated on 3rd December 2012) (As adopted on 29th May 2014×

How to fill out company limited by guarantee

How to fill out company limited by guarantee:

1. Start by obtaining the necessary forms and documents from the appropriate government authority or registry.
2. Fill out the application form, providing accurate and up-to-date information about the company, such as its proposed name, registered office address, and the names and addresses of its members.
3. Include any required supporting documents, such as the company's constitution and articles of association, which outline the company's purpose and governance structure.
4. Pay the required filing fees and submit the completed forms and documents to the government authority or registry. Ensure that all information is filled out correctly and clearly to avoid any delays or rejections.
5. Await approval and confirmation from the government authority or registry, which will typically involve the issuance of a certificate of incorporation or registration.
6. Once the company is officially registered, ensure compliance with any ongoing reporting and regulatory requirements, such as filing annual financial statements and updates to the company's officers and registered office address.

Who needs company limited by guarantee:

1. Non-profit organizations: A company limited by guarantee is often used by non-profit organizations, charities, clubs, and other similar entities. It provides a legal structure for these organizations to operate and allows them to limit the personal liability of their members.
2. Social enterprises: Social enterprises that aim to make a positive social or environmental impact while also generating revenue can choose a company limited by guarantee as their legal structure. This allows them to balance their social mission with business operations.
3. Professional associations: Professional bodies and associations, such as those representing doctors, lawyers, or architects, may opt for a company limited by guarantee to provide a formal structure for their members and establish standards of professional conduct and governance.
4. Arts and sports organizations: Cultural and recreational groups, such as art societies, theater companies, or sports clubs, can benefit from a company limited by guarantee to establish a legal entity that can apply for funding, enter into contracts, and manage their activities.
5. Community groups: Neighborhood associations, community centers, and other community-based organizations may choose a company limited by guarantee to ensure transparency, accountability, and legal protection for their members while working towards common goals.

Overall, anyone seeking a legally recognized entity that offers limited liability and the ability to operate as a collective or membership-based organization may consider setting up a company limited by guarantee. However, specific legal and regulatory requirements may vary depending on the jurisdiction in which the company is established, so it is advisable to seek professional advice and guidance during the process.

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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 funded by guarantee members who agree to pay a nominal amount in the event of the company being wound up.

Who is required to file company limited by guarantee?

Any organization or group of individuals looking to establish a non-profit entity can file for a company limited by guarantee.

How to fill out company limited by guarantee?

To fill out a company limited by guarantee, you will need to provide the necessary information about the organization, its members, directors, secretary, and the guarantee amount.

What is the purpose of company limited by guarantee?

The purpose of a company limited by guarantee is usually for non-profit organizations such as charities, clubs, and societies to have a legal structure to operate and manage their activities.

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 name, registered address, details of members, directors, secretary, and the guarantee amount.

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