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What is limited by guarantee company?
A limited by guarantee company is a type of business entity where the members' liability is limited to the amount they agree to contribute to the company's assets if it is wound up.
Who is required to file limited by guarantee company?
Every limited by guarantee company must file annual financial statements and confirmatory reports to the relevant authorities, typically Companies House in the UK.
How to fill out limited by guarantee company?
To fill out the formation documents for a limited by guarantee company, you need to complete the registration forms, provide details about the company’s objectives, director(s), and member(s), and submit the memorandum and articles of association.
What is the purpose of limited by guarantee company?
The purpose of a limited by guarantee company is often to facilitate non-profit activities, such as charitable organizations or clubs, where profits are reinvested in the organization rather than distributed to members.
What information must be reported on limited by guarantee company?
The information that must be reported includes company name, registered office address, details of directors, annual accounts, and confirmation statements outlining shareholder details.
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