Limited by Guarantee are most often formed by non-profit organisations such as sports clubs, workers’ co-operatives, and membership organisations.
A company limited by guarantee does not have any shares or shareholders but is owned by guarantors who agree to pay a set amount of money towards company debts.
All profits will be re-invested to help promote the non-profit objectives of the company.
No profits will be distributed to guarantors.
Why would I incorporate a company limited by guarantee?
This is for non-profit organisations such as sports clubs, community centers, and worker co-operatives.
If your company has the purpose of raising money to promote a cause rather than taking profits then you would set up this type of company.
If you would like more information, please contact our customer engagement team who would be delighted to assist you further.
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