Get the free Company limited by guarantee: what is it? - Inform Direct

Financial Statements for year ending 31st July 2019Registered Company Number: 3285547 A company limited by guarantee, without share capital, registered in England Registered Charity number: 1060579Liverpool

How to fill out company limited by guarantee

How to fill out company limited by guarantee

1. To fill out a company limited by guarantee, you will need to follow these steps:
2. Choose a suitable name for your company and ensure it complies with the regulations.
3. Prepare the Memorandum and Articles of Association, which outline the company's objectives, structure, and rules.
4. Appoint at least one director and a company secretary. They must be individuals and cannot be corporate entities.
5. Determine the guarantors, who will commit to contribute a set amount in the event of the company's winding up.
6. Submit the necessary documents and forms, such as the completed application form, to the appropriate government authority for registration.
7. Pay the registration fees and wait for the company to be incorporated.
8. Once the company is incorporated, obtain a Certificate of Incorporation and the Memorandum and Articles of Association.
9. Fulfill any further obligations, such as filing annual returns and maintaining proper books of accounts.
10. It's advisable to consult with a legal professional or company formation agent to ensure you complete these steps correctly.

Who needs company limited by guarantee?

1. A company limited by guarantee is typically used by non-profit organizations or social enterprises.
2. It may be suitable for organizations that do not aim to generate profits but instead focus on fulfilling a specific social or charitable purpose.
3. Examples of entities that might need a company limited by guarantee include charities, clubs, societies, professional associations, and trade organizations.
4. This type of company structure provides limited liability to its members while allowing them to contribute financially to achieve the company's objectives.
5. It also enables the company to apply for tax-exempt status and receive donations or grants.
6. However, each jurisdiction may have specific regulations and requirements for companies limited by guarantee, so it's important to seek professional advice before proceeding.

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What is company limited by guarantee?

It is a type of company structure where the members' liability is limited to the amount they agree to contribute in the event of the company being wound up.

Who is required to file company limited by guarantee?

Any organization or non-profit entity that chooses to operate as a company limited by guarantee.

How to fill out company limited by guarantee?

To fill out a company limited by guarantee, you need to register with the relevant authorities, submit the necessary documents, and comply with all legal requirements.

What is the purpose of company limited by guarantee?

The purpose of a company limited by guarantee is typically for non-profit organizations or charities to operate as a separate legal entity with limited liability for its members.

What information must be reported on company limited by guarantee?

Information such as the company's registered office address, the names and addresses of members, and details of the company's activities must be reported on a company limited by guarantee.