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THE COMPANIES ACT 2006 Company limited by guarantee and not having a share capitalARTICLES of ASSOCIATION of North West Mull Community Woodland Company Limited12NAME The name of the company is North
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Choose a unique name for your company limited by guarantee.
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Prepare the necessary documents such as memorandum of association and articles of association.
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Appoint at least one director and secretary for the company.
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Decide on the guarantee amount that each member will contribute in case the company is wound up.
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Register the company limited by guarantee with the appropriate government authority.

Who needs company limited by guarantee?

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Non-profit organizations and charities often choose to form a company limited by guarantee as it offers limited liability protection to its members.
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A company limited by guarantee is a type of organization that does not have shareholders, instead, it has members who act as guarantors. These guarantors agree to contribute a nominal amount in the event of the company being wound up.
A company limited by guarantee is required to file its annual report and financial statements with the relevant government authorities.
To fill out a company limited by guarantee, you will need to provide information about the guarantors, directors, and the company's activities. This information should be submitted to the appropriate government agency.
The purpose of a company limited by guarantee is often for non-profit organizations, charities, clubs, or associations who want to have the benefits of a corporate structure without having shareholders.
The information that must be reported on a company limited by guarantee typically includes the names of the guarantors, directors, the company's financial statements, and any changes to the company's structure.
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