Companies Limited by Guarantee - Company Formation - UK Registration Services

Companies limited by guarantee are normally registered for non-profit making activities. The company has no share capital and has members instead of shareholders. The Memorandum of Association usually includes a non-profit distribution clause.

Non profit organisations such as charities, societies and clubs frequently choose companies limited by guarantee as their trading vehicle.

Memmbers enjoy limited liabilty and their absolute exposure to any of the company's creditors is normally £1. The exact amount will be stipulated in the company's constitution.