This Limited by Guarantee Compnay Formation Package has all the documents required to incorporate a company limited by guarantee in the UK. Such documents are typically used by "not for profit" organisations including clubs and associations.
| Limited by Guarantee Pack, normal Word .doc. | £14.95 inc VAT | Buy Now |
| Limited by Guarantee Pack, advanced Word .dot. | £22.42 inc VAT | Buy Now |
A company limited by guarantee is the type of company commonly used for a club or an association. The company will have limited liability - the liability of its members being limited to an amount not exceeding £100 which each member undertakes to contribute to the company's assets in the event of it being wound up.
No shares are issued. This type of limited company has members. The members agree to contribute a membership fee or subscription, normally have equal voting rights and elect a board of directors. Any profits (often known as "surpluses") are not distributed as dividends, but may be used to support the activities for which the club is formed.
The process to form a limited by guarantee company is reasonably straightforward. You need to choose an acceptable name, complete and witness the appropriate forms, and send to Companies House with your (£20) registration fee.
The Articles of Association comply with the statutory changes effective from 1 October 2009 but please note: it is not suitable for companies wishing to register as a charity or for companies wishing to omit the word "limited" from the company name.
This Limited by Guarantee Package provides all the necessary documents, as well as a guidance note, to enable you to form your own company limited by guarantee in England and Wales or Scotland. Documents included are:
Most of the constituent documents of the package are also available individually. The package is also included within our Business Annual Subscription (£99 own use) or Full Annual Subscription (£199) - giving you access to wide range of documents, packages and forms for a single annual fee.
If you wish to form a more typical limited company, i.e: limited by shares, for your small business, you need the Limited Company Package.