Company Limited By Guarantee | Form A Company Limited By Guarantee | Register A Non For Profit Organization

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First Package
£40.00


	Same day company formation

	Electronic Cert. of
	incorporation

	Electronic Mems and Arts

Second package £62.00


	All the benefits of the first
	package +

	Laminated Cert of
	incorporation.

	Binded Mems and Arts

Third package £112.00


	All the benefits of the second
	package +

	Registered office address

Fourth package £132.00


	All the benefits of the third
	package +

	Company Register

Form A Guarantee Company


Incorporating as a company limited by guarantee is commonly done by non profit organisations and charitable companies with operations in the UK. Companies limited by guarantee differ from other limited company formations in that they do not issue shares to their members, but instead require each member to pay a nominal amount in case the company is dissolved. Also called a guarantee company, this type of legal structure is used mainly by non-profit organisations like private clubs, community centres, registered charities, student unions, workers co-operatives and sports associations.

While the participants of a company limited by guarantee are obliged by law to cover some of the debts in case of insolvency, their level of commitment is limited and each member is not expected to cover all debts in full. The maximum percentage amount of the debt each member has to bear must be clearly laid out in the company's Memorandum & Articles of Association. This sort of structure ensures that vendors and any third party entities that have had dealings with the company have some guarantee in receiving at least a partial payment of outstanding debts owed in case of insolvency.

Although it is commonly believed that guarantee companies cannot distribute profits to its members, this is actually not true. The distribution of profits can be allowed if the appropriate clauses are included in the Memorandum & Articles of Association, although doing so renders the company ineligible for charitable status under the UK Charities Act. Our specialist team at Fast Formation can register your non-profit organisation as a company limited by guarantee with Companies House. We can help write your company's Memorandum & Articles of Association, adapting them to meet any and all legal requirements placed by the Charities Act of 2006. With our fully electronic registration process, forming a company limited by guarantee in the UK has never been easier.

By law, you must ensure that your charity has an annual income of at least £5,000 before it can be registered as a charity by the UK's Charity Commission. Not only can our company formation specialists act on your behalf with the Companies House, we can also file the necessary paperwork with the Charity Commission in the UK. At the end of the registration procedure your company will be issued with a company registration number and a charity number. Register as a non profit organisation with help from our experts at Fast Formation, and benefit from various incentives the UK government doles out to charities in the country like reduced business rates, no income tax, capital gains tax and special VAT treatments, grants from local government, and more! Not only will you benefit from all these incentives, but giving your charity a recognised legal structure affords you advantages like being allowed to create employment contracts; the ability to purchase long-term assets like land, buildings or property; having a formalised way of acquiring services or products from other companies; and the ability to enter into legally binding contracts with fund-raisers.

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