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Integral AllianceA company limited by guarantee For the year ended 31 December 2020 Company number: 5442605 Charity number: 1112515Charitable Object The Companys object is to promote the efficiency

How to fill out company limited by guarantee

How to fill out company limited by guarantee

1. Gather necessary information about your company, including the name, registered office address, and details of the members.
2. Decide on the company structure and prepare your articles of association, defining how the company will operate.
3. Complete the application form (Form IN01) which includes information about directors, company secretary (if applicable), and share capital.
4. Ensure you have at least one member to form the company and obtain a consent to act as a director from each director.
5. Submit the completed forms along with the registration fee to Companies House.
6. Wait for confirmation of incorporation, which will be sent by Companies House.
7. Set up a company bank account in the name of the company.
8. Maintain accurate financial records and hold regular meetings as required by law.

Who needs company limited by guarantee?

1. Non-profit organizations looking for a formal structure to manage their operations.
2. Charitable organizations needing to limit liability for their members and directors.
3. Community groups or clubs aiming for an organized way of conducting business while protecting individual members.
4. Social enterprises wanting to operate without distributing profits to shareholders.

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What is company limited by guarantee?

A company limited by guarantee is a type of business structure used primarily for non-profit organizations where members guarantee a certain amount of money in the event of the company's liquidation, but do not have share capital.

Who is required to file company limited by guarantee?

Companies limited by guarantee are required to file with the appropriate regulatory authority, typically if they are incorporated or registered as a legal entity in the jurisdiction where they operate.

How to fill out company limited by guarantee?

To fill out a company limited by guarantee, you typically need to complete registration documents that outline the company’s name, objectives, members, and guarantee amount, and submit them to the relevant governmental authority.

What is the purpose of company limited by guarantee?

The purpose of a company limited by guarantee is to serve as a non-profit vehicle for groups or organizations that seek to pursue specific goals or activities without distributing profits, focusing instead on social, charitable, or community objectives.

What information must be reported on company limited by guarantee?

Information that must be reported typically includes the company’s name, registered office address, details of the members, the amount guaranteed by each member, and financial statements.