This type of company is typically used for not-for-profit companies such as a charity, community project or a club or society. The company does not have share capital or shareholders but has members who act as guarantors. Guarantee companies do not distribute their profits to their members but retain them within the company or use them for another purpose.
Charity companies require articles drafted in accordance with and accepted by the Charity Commissioners. Our formation experts can provide these specialist articles on request.
Contact us today to find out more about forming a company limited by guarantee