Limited by Guarantee Company Formation

A Limited by Guarantee Company is usually used for charities, community projects, clubs, societies and other similar bodies. This type of company does not have a Share Capital and does not have any Shareholders, the officers appointed within this type of company are Directors and Subscriber/Members.

 

Our comprehensive packages for a Limited by Guarantee Company formation are shown below. If any of the packages do not suit your requirements, please contact us and we can tailor make a package to suit your specific requirements.

 

We can provide a UK Registered Office Address for your company, if required. The Registered Office Services can be ordered during the incorporation process or as an additional service.

 

Fast Online Formation It’s quick and easy to complete our online application, it takes approximately 3-4 minutes. Your company should be ready to trade in 3 hours, our quickest time is 6 minutes (subject to Companies House).
Government Fees Companies House Registration Fees are included in all of our packages and prices. There are no hidden extras.
Emailed Certificate of Incorporation A PDF version of your Certificate of Incorporation. This is an official document which confirms your company name and company number.
Ready to Trade Company As soon as your application has been approved by Companies House, your new limited company will be ready to trade.
Free Google Adwords Voucher (worth £75) For Individual Clients only. We are delighted to offer you an Adwords voucher of up to £75, when you spend £25.00 with Google
Emailed Official Company Documents Once your company has been formed we will email you a completed set of your new official company register documents and share certificate.
Free Online Company Manager Our Company Manager is linked directly to Companies House. You can view your live company details and make live changes to your company.
Emailed Memorandum of Association A PDF version of your Memorandum. This is a statement which shows the subscribers intention to form a company under the Companies Act 2006.
Emailed Articles of Association A PDF version of your Articles of Association. The Articles are basically the rules of your company, outline the Director’s responsibilities and provide information on the type of business.
Emailed Member Certificate(s) An electronic version of your Member Certificate. This is a legal document which confirms the members within your company.
Emailed Company Register An electronic version of your Company Register fully completed with the first entries from your company registration.
Emailed Minutes of First Meeting An electronic version of a suggested initial board meeting where the initial resolutions for your company were passed.
Authentication Code For added security to your company. This code is unique to your company, and can be used to make electronic changes. Not many Company Formation Agents provide this service.
Laminated Certificate of Incorporation The Certificate of Incorporation is an essential document that confirms your company exists. It is recommended that you have a printed version of this certificate which we can laminate.
Bound Company Register Includes your Certificate of Incorporation, Memorandum of Association, Minutes of First Board Meeting, Company Register with First Entries and Share Certificate printed and professionally bound together.
Laminated Memorandum of Association The Memorandum of Association outlines the subscriber’s intention to form a company under the Companies Act 2006. Therefore, it is recommended that you have a hard copy of this document.
Printed Certificate of Incorporation A printed copy of your Certificate of Incorporation included in your bound company register. This is an official document which confirms your company name and company number.
Printed Memorandum of Association A printed copy of your Memorandum included in your bound company register. This is a statement which shows the subscribers intention to form a company under the Companies Act 2006.
Printed Member Certificate(s) A printed copy of your Member Certificate included in your bound company register. This is a legal document which confirms the members within your company.

 

Most Guarantee Companies are not for profit companies, which means they do not distribute their profits to their members/subscribers but either retain them within the company or use them for a similar purpose. The main reason a charity or community project register a Company Limited by Guarantee is to protect the people running the company from personal liability for the company’s debts.

 

Why choose a Limited by Guarantee Company?

 

Usually, the main reason you would register a Company Limited by Guarantee is for Charity or community project purposes. This is purely because this type of company protects the people running it from the personal liability of the company’s debts.

 

Limited by Guarantee Company Formation explained

 

• A Limited by Guarantee Company does not have any shares within the company.
• This company does not have Shareholders; instead you can appoint Directors and Subscribers/Members.
• Limited by guarantee is to protect the people running the company from personal liability for the company’s debts
• As there are no shares in the company no company profits cannot be distributed to the members as dividends, members also cannot claim on the company assets
• A Confirmation statement and accounts must be filed each year.
• No share capital is shown on the balance sheet for the company Accounts. The Company registrar will automatically state this company is a Limited by Guarantee

 

Officers in the Company

 

A Limited by Guarantee Company must appoint at least one director. The director(s) will be responsible for the day to day running of the company. The powers the directors have within the company will depend on what is stated in the company articles.

 

At least one member must be appointed in the Limited by Guarantee Company. The members usually have the right to vote and attend the general meetings, this means they have the ultimate control over the company as they can appoint and terminate the directors.

 

Members of the Limited by Guarantee Company can have different voting rights which in turn gives them more or less power within the company.

 

Timescale

 

A Limited by Guarantee Company formation is usually complete within 24 hours and ready to trade. However we have previously incorporated a company within 6 minutes, but we are dependent on the workload at Companies House.

 

Requirements to register a Company Limited by Guarantee

 

• To register a Company Limited by Guarantee, you will be required to supply the following:
• The company name including the name ending of ‘Limited’ or ‘LTD’
• The Registered Office Address located in the UK, we can supply an address if required
• A Minimum of 1 Individual Director and 1 Subscriber/Member must be appointed
• 1 Person can be the Director and Subscriber/Member
• The Officers can be any nationality and reside anywhere in the world
• Name and Address of the Director and Subscriber/Member
• Although no share capital is held, one subscriber must be named
• Articles of Association are necessary they should include how the company will be run and the regulations it must be followed. We provide model articles which can be used for your Limited by Guarantee Company if suitable for the company’s requirements.
• The company objects must state that the company is making no profits

 

Why use Us to register a Company Limited by Guarantee

 

We are highly experienced in this type of formation and our UK business start-up team are on hand to deal with your Limited By Guarantee company formation from start to finish.

 

Unlike most formation agents and companies house we have the ability to register a Company Limited by Guarantee electronically, eliminating the need to sign and completed paperwork.

 

All details can be entered online, before placing your order. Before you submit and pay for your company, you will be able to review all the company details you have provided and amend anything if necessary. Once your company has been incorporated you will receive your Certificate of Incorporation confirming the existence of your company and many other fully completed incorporation documents held in a company register.

 

Our basic package includes all the documents you need legally to start trading with your company. This is quite unique as most companies charge extra for providing a company register, share certificates, minutes of the first meeting etc.

 

We have the software which allows you to adopt/upload your own specific Articles of Association to your company or alternatively use the model articles we provide.