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Limited By Guarantee Company Formation

   
 

LIMITED BY GUARANTEE COMPANY FORMATION

A Private company limited by guarantee is a company structure chiefly used for non-profit organisations that require corporate status. A Private company limited by guarantee does not feature a share capital and its members are guarantors instead of being shareholders. If in case the company is dissolved, struck off, wounded up or removed from the register, then the members' liability is limited to the amount they agree to contribute to the company's assets. Limited by guarantee companies are formed for charities, community projects, clubs, societies and other related company structures.

Advantages
  • Easy to set up
  • Members liability is limited
  • A limited by guarantee company can hold property and borrow money in its own name
  • A limited by guarantee company is accountable to the democratic control of members
Our Offer

Formations House provide easy and efficient Private Company limited by guarantee formation services. Using our simple, online procedure, you can form a company Limited by Guarantee in an easy, hassle-free manner. No paper documents are required to be filled and all forms are available online. You will receive the original hard copy of the Incorporation Certificate by mail and all company documents (such as the memorandum & articles of association) will be easily available in PDF form online, 24/7.

Minimum Requirements for forming a Private company limited by guarantee

  • Must have at least one director, one member, and may have a secretary (it is a must for charitable companies to have three members/trustees)
  • Must have at least one person to form
  • The director (if a natural person) can also act as the secretary and/or member
  • No requirement for the officers to be UK citizens or residents
  • No requirement for officers to hold valid work permits
  • A valid registered office address in England or Wales, Scotland, or Northern Ireland

 

 

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