Limited by guarantee package

What is a limited by guarantee company?

When you register a company , you may come across a number of different terms, including limited by guarantee. A company limited by guarantee (LBG) is an alternative type of company structure used primarily by non-profit organisations. A company that is limited by guarantee does not usually have shares or shareholders but instead has members who act as guarantors.

What do I get in your limited by guarantee company package?

• Limited by guarantee company setup
• Companies House filing fee
• Email copy of your certificate of incorporation
• Email copy of your memorandum and articles of association
• Email copy of guarantor certificates
• Email copy of your company register with first entries
• Help with opening a business bank account (optional)
• Online company manager
• Maintenance of statutory books
• Printed certificate of incorporation
• Printed guarantor certificates
• Bound memorandum and articles of association
• A free consultation with a chartered accountant
• Free lifetime customer support

When should I choose the limited by guarantee package?

This package is ideal for anyone setting up a non-profit company, such as membership organisations, clubs, and workers’ co-operative or sports associations.

Is this the right package for setting up a charity?

No. This package is not suitable for setting up a charity. To set up a charitable organisation, you will need charity articles, which are available with our limited by guarantee with charity articles package .

How is a guarantor different from a shareholder?

The main difference between a guarantor and shareholder is that a shareholder would take profits from the company. A guarantor, under normal circumstances, will not take profits, and instead, any profit is re-invested into the company.

What are the benefits of forming a limited by guarantee company?

A limited by guarantee company provides limited financial liability to the company owners (guarantors). This means their personal finances are legally protected if the company encounters financial difficulties or gets sued, making it a popular and secure option for non-profit organisations.