Limited by Guarantee 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 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.
Reserve Name The simple and easy way to reserve / protect a company name£33.50Buy now >
E-Mail Package A package providing all the legal documents needed to start trading immediately £47.95Buy now >
Premium Package A quick and easy company formation, with all the legal documents emailed and printed£64.95Buy now >
Privacy Package Full legal documents emailed, with full privacy protection on your home address and protection from any fraudulent activity £129.00Buy now >
Business Package The complete professional package, including everything to start your new business. Smartly bound printed documents£159.00Buy now >
Non-Resident Package This package is specially tailored for non UK residents incorporating a company in the UK. Includes all the required addresses and services for you to legally start a business in the UK£169.00Buy now >
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|Fast Online Formation - No Paper Work and No Signatures 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 Registration Fees Companies House Registration Fees are included in all of our packages and prices. There are no hidden extras.|
|Emailed Copy of 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.|
|Accountant Referral for Individual clients We will refer you to an Accountant to help you with your tax and accounting questions. Individual clients only|
|Free Google Adwords Voucher for Individual clients (worth £75) We are delighted to offer you an Adwords voucher of up to £75, when you spend £25.00|
|All Official Company Documents emailed to you Once your company has been formed we will email you a completed set of your new official company register documents and share certificate.|
|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 copy of 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 copy of 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 Copy of Member Certificate(s) An electronic version of your Member Certificate. This is a legal document which confirms the members within your company.|
|Emailed Copy of Company Register with first entries An electronic version of your Company Register fully completed with the first entries from your company registration.|
|Emailed Copy of the Minutes of First Board Meeting An electronic version of a suggested initial board meeting where the initial resolutions for your company were passed.|
|Web Code to make future changes to your company 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.|
|Emailed Reminders We will email you to remind you when your accounts and confirmation statement are due, to ensure you will never be late|
|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 (included in Bound Register) A printed copy of your Certificate of Incorporation. This is an official document which confirms your company name and company number.|
|Printed Memorandum of Association (included in Bound Register) A printed copy of your Memorandum. This is a statement which shows the subscribers intention to form a company under the Companies Act 2006.|
|Printed Articles of Association A printed copy 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.|
|Printed Member Certificate(s) (included in Bound Register) A printed copy of your Member Certificate. This is a legal document which confirms the members within your company.|
|Registered Office Official Letters (Companies House and HMRC) Wood Green, London This provides your company with a Registered Address located in London, the capital city of the UK. Your address will be protected as our address will appear on public records.|
|London Correspondence Address for 1 Director The Correspondence Address is the address show on public records for the officers within your company. This will prevent your private address from being displayed on the Public Records|
|Fraud Protection The Fraud Protection service helps protect your company from Fraudsters. This stops most paper documents from being filed for your company, forms can be filed electronically using your unique code.|
|Monetary Account Introduction A Monetary Account is similar to a Bank Account; the Account is all based online. You can make and receive transfers in multi currencies. Accounts are usually opened within 24 hours|
|Prestigous London Registered Office Official Letters (Companies House and HMRC) Regent Street, London This provides your company with a Prestigous Registered Address located in London, the capital city of the UK. Your address will be protected as our address will appear on public records.|
|Nominee Secretary Service Protect your identity, CFS will be appointed as Nominee Secretary of your company.|
|VAT Registration Assistance with obtaining a unique VAT Number for your company It is optional to apply for VAT. However, if your taxable supplies exceed £81,000 in 1 year, you must register for VAT|
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 is set up as a Limited by Guarantee Company 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 a Limited by Guarantee Company is incorporated 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 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.
A Limited by Guarantee Company is usually incorporated 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 for a Limited by Guarantee Company
- To register a Limited by Guarantee Company, 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 us CFS for your Limited by Guarantee Company
We are highly experienced in this type of formation and our UK business start-up team are on hand to deal with the formation of your Limited by Guarantee Company from start to finish.
Unlike most formation agents and companies house we have the ability to form your Limited by Guarantee Company 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.