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Consolidated Financial Statements of National University of Ireland, Maynooth (commonly known as Maynooth University) for the year ended 30th September 2023(Prepared under Generally Accepted Accounting

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01

Choose a suitable company name for the limited by guarantee structure.

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Prepare the Memorandum of Association with details of the company's guarantee amount and the objectives of the company.

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Each member of the company should agree to contribute a specific amount in the event the company is wound up.

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Prepare the Articles of Association with rules and regulations governing the company's operations.

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Submit the necessary documents along with the registration fee to complete the process.

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Non-profit organizations.

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Clubs and societies.

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Charitable organizations.

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What is limited by guarantee?

A company limited by guarantee is a type of legal structure for a company where the members' liability is limited to the amount they guarantee to contribute to the company's assets in the event of its winding up.

Who is required to file limited by guarantee?

Non-profit organizations, charities, and associations that are registered as companies limited by guarantee are required to file annual reports with the appropriate regulatory authority.

How to fill out limited by guarantee?

To fill out limited by guarantee, you need to complete the necessary forms provided by the regulatory authority, including information about the company, its members, annual financial statements, and any relevant declarations.

What is the purpose of limited by guarantee?

The purpose of a company limited by guarantee is to provide a structure for non-profit organizations to operate while limiting the financial liability of its members and ensuring that the assets are used for the intended objectives.

What information must be reported on limited by guarantee?

The following information must be reported: company details, financial statements, member information, and details of any significant changes in the organization since the last filing.

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