Limited by Guarantee Package £81.99 + vat
Price includes £3 off your first orderA Company Limited by Guarantee is a type of company that does not have a share capital or shareholders and is usually formed to manage a charity or not for profit organisation such as a sports club or political party.
Rather than having shareholders a limited by Guarantee Company will have guarantors (or trustees), such individuals enjoy limited liability status but guarantee to pay a predetermined sum (usually £1) in the event of winding up the company.
Right to Manage (RTM) companies typically adopt the Limited by Guarantee model, you can find out more about RTM companies and how to form one here.
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What is the difference between a Guarantee company and a Company limited by shares?
A company limited by guarantee does not have a share capital or shareholders. Such companies also have a list of predetermined objects stipulated in their Articles of Association, the objects define what the company will do and usually include a clause to restrict the directors from paying out any profits to the trustees, but rather to reinvest any profits in fulfilling the company's objects.
How do I set up a Company Limited by Guarantee?
Using our intuitive Incorporation Wizard you can form a company Limited by Guarantee quickly and easily. All forms are completed online and the average turnaround from payment to receipt of your company registration number is 3-4 working hours. The cost you are quoted for incorporating a company limited by guarantee includes the statutory filing fee.
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