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?
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Limited by guarantee company setup
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Companies House filing fee
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Email copy of your certificate of incorporation
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Email copy of your memorandum and articles of association
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Email copy of guarantor certificates
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Email copy of your company register with first entries
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Help with
opening a business bank account
(optional)
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Online company manager
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Maintenance of statutory books
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Printed certificate of incorporation
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Printed guarantor certificates
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Bound memorandum and articles of association
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A free consultation with a chartered accountant
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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.
Register your LBG now £34
VAT
What’s Included?
Limited by guarantee company set-up
When you register a company that’s limited by guarantee in the UK, specific requirements are set by Companies House. We’ll handle the registration process for you and ensure it’s all set up correctly.
Companies House filing fee
When you register a company in the UK, you will need to pay a filing fee to Companies House (the UK’s company registrar). We’ll cover this fee as part of our service.
Email copies of essential documents
Following your successful registration, we’ll email you copies of your certificate of incorporation, memorandum, articles of association and other important documents..
Help to open a bank account
Having a dedicated business bank account has many benefits, but setting one up can be complex. Our team will guide you through the process and ensure you get the best account for your needs.
LBG registration for international customers
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Strongly Recommend
I am not based in UK and so not aware of any regulations. Catherine helped me understand about the yearly filing and helped me in a high professional manner. Since then, I formed other two companies with them and will strongly recommend them to you.
Sophia Wilson
