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What is a Company Limited by Guarantee?

A company limited by guarantee is a business structure used by charities and not-for-profits that is subject to both company and charity law.

Under this model, the company directors serve as the charity trustees. A company limited by guarantee doesn’t have shares. But its members are broadly equivalent to shareholders in a private limited company by shares.

 

1. Forming a Company Limited by Guarantee – BENEFITS

By forming a company limited by guarantee, a charity’s trustees protect themselves from personal liability should the charity get into financial trouble.

A company limited by guarantee is a separate legal entity. That means, it’s responsible in its own right for everything it does, and the company’s finances are separate from the finances of the trustees. This gives more protection to the trustees if the company builds up debts that it can’t repay.

The word ‘guarantee’ relates to an agreement by each member to pay a nominal amount to the company if it goes insolvent. Normally, this is just £1.

 

2. Forming a Company Limited by Guarantee – SOMETHING TO REMEMBER

Because a company limited by guarantee is regulated by both Companies House and the Charity Commission, there can be a fair amount of paperwork to stay on top of.

It’s important that you or your company secretary file everything at Companies House on time and in full, or you could find yourself paying off some annoying fines.

 

3. How to Register a Company Limited by Guarantee

To set up a company limited by guarantee, you’ll need to register your company with Companies House. To do this, you should complete an IN01 form. Companies House will want to know:

Make sure to pick a company name that hasn’t been used before. One way is to include the location of your company in the name.

You’ll also need to submit a memorandum and articles of association. These are legal statements signed by the trustees and members of the company that spell out how it will be run.

Once you have all the information you need, you can register your company limited by guarantee online with Companies House. With our company formation packages, this is quick and simple. There are four packages to choose from:

  • E-Formation (£9.99): perfect if you want to secure a company name and don’t need any official printed documents.
  • Essential (£19.99): offers you complete confidence that you’re starting a company limited by guarantee with the rules and regulations covered.
  • Entrepreneur (£59.99): kick-start your next big venture with official compliance and additional documents of incorporation.
  • Super (£89.99): the complete secretarial and compliance package to establish your company on a robust footing.

Best of all, when you sign up for one of our company formation packages, we pay the £12 Companies House filing fee for you!

 

Register your own business from £9.99

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Who are we?


Real People

Our fantastic customer support team have lots of experience forming companies. They're happy to help whether you need advice before, during or after the process.

Competitive Prices

Our prices are lower than most because unlike some agents, we’re able to cut out the middle-men and do most of the work ourselves from our office in Old Street.

Options To Suit You

Every business is different, and we want to make sure you get exactly what you need. Choose the package you want and select any helpful products and services you'll need along the way.

Our formation packages

E-Formation
  • ____
  • £9.99
  • Our E-Formation package is perfect if you want to secure a company name or establish a dormant company and require no official printed documents.

  • ____
Essential
  • ____
  • £19.99
  • Essential Formation offers you complete confidence that you’re starting a company with the rules and regulations covered.

  • ____
Entrepreneur
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  • ____
  • £59.99
  • Our Entrepreneur package offers you all the advantages of quick and easy formation, with all the paperwork you need to set up as a limited company.

  • ____
Super
  • ____
  • £89.99
  • Our Super Formation Package has everything and is the perfect way to set up your company with speed, ease and confidence.

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No hidden extras, just simple online process.

Register your own company from £9.99

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