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Limited by guarantee company

What is the difference between limited by guarantee and limited by shares?

Unlike a standard private limited company with shares, a guarantee company has no share capital and no shareholders. Instead it has members who undertake to contribute an agreed nominal amount towards any asset shortfall, if the company is wound up. A non-profit organisation may be in this legal form.

What are guarantors?

Guarantors are individuals or other corporate bodies that provide a cash guarantee for a limited company rather than holding shares. Generally, guarantors do not take any profit from the company.

Who can be a guarantor?

Any individual or another company can be a guarantor.

How many people do I need to set up a limited by guarantee company?

One person can act as both guarantor and director.

Who would form a company limited by guarantee, instead of most common setup with shares?

Non-profit organisations such as membership organisations, clubs and sports associations.

Are the profits paid to the guarantors, as dividends would be paid to shareholders?

No, in most cases the guarantors are not entitled to receive any profits, especially if required by law if they are a charity or have rules in their articles of association.

What must be on an application to register a Limited Company by guarantor?

A Limited Company must have at least one director and one guarantor (who can be same person), and a registered office address in the United Kingdom (that cannot be a PO box.)

How do I set up a company limited by guarantee?

A company must be registered with Companies House, for which you can use our online service.

LBG registration package

Register your limited by guarantee company, the correct way. We offer simple step by step instructions and live support.

Register your LBG now £34 VAT

LBG registration for international customers

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Your process was quick, easy to follow and very professional. Even though we did everything over the phone and chat on your website and email, I have to say it feels like I've met you all in person because of all the care and consideration shown. I can't thank you enough and you absolutely have my 100% recommendation.

Alan Douglas

We used Mint Formations to open our UK based business while we were based in South Africa. The process was incredibly fast and efficient with great communications throughout the process. We would highly recommend anyone use Mint Formations to open their UK business and with help in opening your UK business bank accounts.

Gavin Mannion

Initially, I was very hesitant to register my new limited company from online website. I chose Mint because of their highly professional website. I am glad I did as the staff were very polite, professional and exceptionally helpful. They managed to register my company same day and sent me all the paperwork saving me a lot of time.

Jessica Bingham

I live in Holland. I went to the Companies House website and downloaded the application. There was so much to fill and many questions. I was worried about making mistakes. So, I searched Google and found Mint who does everything online. They have a very easy to use Website with clear instructions. I completed my application in the night and the next my new company was formed. Simple and quick.

Lucas Jansen

I was thinking of using a lawyer or an accountant to form my new UK company. Then I found Mint website online and spoke to Kate. It immediately became clear that I need not waste my money with a lawyer. I made an online application and received all my official paperwork in an email the following day.

James Tomblin

I was not sure how to deal with company formation as this is my first experience in starting my own business. A friend of mine recommended Mint and he was right. They made it really simple for me and answered all my questions with patience and help me set it up. I would recommend Mint to anyone who is starting a new business.

Robert Gray

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