+44 (0) 207 112 8684
Mint Formations

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

Click here

5 reasons to choose Mint

  1. No hidden costs (honest pricing)
  2. Prestigious London Address
  3. FREE lifetime customer support
  4. Companies House authorized
  5. Consistent 5-star reviews

Have a question?

Call now: 0207 112 8684

Prefer a personal manager to register your company on your behalf?

Worried about making mistakes? Not comfortable doing it yourself? We offer UK company formation service with a dedicated personal manager. Your personal manager will collect the details from you via email and register your new company the correct way. Please fill in your details and we will contact you.

The companies you trust partner with Mint

Mint Formations Limited, College House, 2nd Floor, 17 King Edwards Road, London, HA4 7AE

Company Reg. No. 10771070Vat Registration Nr: 269 1733 76

© Copyright. Mint Formations Limited

Email: support@mintformations.co.uk

Phone: +44 (0) 207 112 8684

9AM - 6PM, Monday to Friday