Limited by Guarantee Company Formation
A limited by guarantee company does not have any shares or shareholders within the company and the officers appointed within this type of company are Directors and Subscriber/Members.
They are usually registered for charitable or community project purposes, as they protect the directors from the personal liability of the company’s debts.
Profit made by the company is re-invested back into the business and if any is taken out, the company will become ineligible for charitable status.
Limited by guarantee companies are often referred to as ‘not for profit’ or ‘charitable companies’.
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E-Mail  | Premium Package A quick and easy company formation, with all the legal documents emailed and printed£104.95  | Privacy Package Full legal documents emailed, with full privacy protection on your home address and protection from any fraudulent activity £169.00  | International (Non-Resident) 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£189.00  | Business Package The complete professional package, including everything to start your new business. Smartly bound printed documents£199.00  | ||
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| 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. | ||||||
| 3 Months Free Accountancy Accountancy using cloud based software FREE for 3 months. Excluding VAT returns & after 3 months will revert to standard rate | ||||||
| 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 Trademark Referral A free Trademark Referral to protect your Company Name against being used without your permission. | ||||||
| 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. | ||||||
| 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 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 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) 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. | ||||||
| London Wood Green Registered Office General Business Correspondence, which includes letters from HMRC and Companies House | ||||||
| London Wood Green Correspondence Address Our London, Wood Green Correspondence Address service for 1 Director. This address is shown on public records for the officers within your company. Using 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. | ||||||
| Prestigious London Registered Office This provides your company with a Prestigous Registered Address located in Canary Wharf, London, the capital city of the UK. Your address will be protected as our address will appear on public records. The service is for General Business Correspondence, which includes letters from HMRC and Companies House | ||||||
| Nominee Secretary 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 £85,000 in 1 year, you must register for VAT |
Who would benefit from a limited by guarantee company?
Limited by guarantee companies are perfect for anyone who is looking to focus on charitable endeavours. Some examples of these are charities, community projects, clubs, societies and other similar bodies.
Benefits of a limited by guarantee company
A limited by guarantee company offers the same protection from company debts to directors as a standard limited company, whilst allowing them to focus on not for profit missions.
This gives directors a sense of security when first starting, and also encourages growth within the company as profits have to be kept within the organisation.
Furthermore, no share capital is shown on the balance sheet for company accounts. The company registrar will automatically state this company is a limited by guarantee company.
Why choose CFS Formations
Here at CFS Formations we’ve been forming companies in the UK and oversees since 2001 with over 150,000 companies formed.
Our service is completed electronically, meaning there is no need to sign and complete physical paperwork. This includes uploading / adapting your own specific articles of association.
If you don’t have an articles of association prepared, we have model articles that we can provide to you.
We usually complete limited by guarantee company formations within 24 hours (ready to trade). Previously we have incorporated a company in under 10 minutes, however, this depends on workload at Companies House.
Limited by guarantee company key facts
Below we have listed key information you need to know about this type of formation:
- Filing requirements are the same as a regular limited company.
- The company objects must state that the company is making no profits.
- Setting up a company limited by guarantee doesn’t automatically grant charitable status.
- Any profit made by the company is taxed like a regular limited by shares company.
Limited by guarantee company requirements
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.
