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Topic: Company Limited by Guarantee

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	Eastern Book Company - Practical Lawyer
		In view of the extreme rarity of such companies, it would be pertinent, at the outset, to briefly explain the nature of a company limited by guarantee and having share capital before going on to examine the procedure for incorporation of a share capital clause in the memorandum of a company.
		A company limited by guarantee and having a share capital is a hybrid form combining the elements of the guarantee and the share company.
		However, it is submitted that the generality of the provision suggests that a company limited by guarantee may re-register as a company limited by guarantee and having share capital.
	www.ebc-india.com /lawyer/articles/674.htm (2037 words)

	BVI Charitable Company Formation: Non-Profit Company Registrations Online - BVI Guarantee Company Incorporation, ... (Site not responding. Last check: 2007-11-02)
		A company limited by guarantee in the BVI is one where the liability of the members of the company is limited to such amount as the members may respectively undertake to contribute to the assets of the Company in the event of its being wound up (section 6 - Companies Act).
		Companies limited by guarantee are required to maintain at the registered office and to sent to the Registrar of Companies a copy, a register of the names, addresses and occupations of the directors and managers of the company.
		A company limited by guarantee is a registered company having the liability of its members limited by the memorandum to such amounts as the members may respectively undertake to contribute to the assets of the company in the event of its being wound up.
	www.ukincorp.co.uk /s-98-bvi-guarantee-company-formation.html (5589 words)

	Company limited by guarantee - Wikipedia, the free encyclopedia
		If your company is limited by guarantee, it means that members have agreed to contribute to the assets of the company if it is wound up.
		A company limited by guarantee has members, rather than shareholders, the members of the company guarantee/undertake to contribute a predetermined sum to the liabilities of the company which becomes due in the event of the company being wound up, normally £1, in the event of a shortfall upon cessation of business.
		The Companies Act and other regulations specify the format in which the annual accounts must be prepared, the information that needs to be disclosed, and the rules affecting the valuation and treatment of the transactions and balances appearing in the accounts.
	en.wikipedia.org /wiki/Company_limited_by_guarantee (1128 words)

	Company Limited by Guarantee - SFS
		Companies limited by guarantee are private limited companies where the liability of the members is limited.
		Limitation of liability takes the form of a guarantee from its members to pay a nominal sum in the event of the company being wound up while they are a member or within one year of their ceasing to be a member.
		This provides the ability for the company to own property in its own name and a democratic structure where its participants are required to adhere to the strict laws and regulations governing limited companies generally.
	www.sfsgo.com /guaranteecompany.asp (1736 words)

	Hybrid companies in Turks & Caicos, TCI companies limited by Guarantee and having a share capital, Corporations ... (Site not responding. Last check: 2007-11-02)
		A Hybrid company (as referred to on this website) is first and foremost a company limited by guarantee.
		The concept of Guarantee companies having a share capital is derived from the development of company law in the UK and is familiar to practitioners in that part of the world.
		Guarantee companies and hybrids were originally intended to provide an alternative means of limiting the liability of the members in circumstances where a company had no capital requirements (where a Guarantee company could be used) or limited capital requirements (where a hybrid company could be used).
	www.dempseyandcompany.com /hybrids.htm (497 words)

	Company Limited by Guarantee - Not for Profit - Limited Guarantee Companies
		A guarantee company is suitable for non-profit or charitable organisation.
		It may be possible to register a company and not be required to include the word "limited" in your company title on stationery.
		If you are planning to turn your Company Limited by Guarantee under the terms of Charity some time in the future please inform in the additional info field presented towards the end of the ordering process.
	www.business-inc.co.uk /company-limited-guarantee.php (152 words)

	Companies Limited by Guarantee Formation by Fletcher Kennedy Ltd
		A company limited by guarantee has members, rather than shareholders, the members of the company guarantee/undertake to contribute a predetermined sum to the liabilities of the company which becomes due in the event of the company being wound up, normally £1.
		Limited companies must normally have the word 'limited' (or its Welsh equivalent 'cyfyngedig') as part of their company name.
		A company limited by guarantee can be used to purchase the lease or freehold of a property and to protect the interests of the leaseholders.
	www.fletcherkennedy.com /limited_by_guarantee.html (701 words)

	Guarantee Company Formations - UK Charity Company Registration, Good Practice of Charity Meetings
		Guarantee companies are required to have a secretary.
		When properly structured a Guarantee Company creates a relationship between the management and the contributing member/client which is similar in effect to that of a trustee and a settlor.
		But there are certain provisions of company law which, regardless of the terms of the company's constitution, have the effect of requiring a resolution of the members, and the consent of the Commission, to validate the transactions of a charitable company in which the directors have private interests.
	guarantee-company-formation-uk.ukincorp.co.uk (7000 words)

	About Us - Guidance
		For a company exempt from using the word 'limited' in its name, the fact that it is a limited company.
		For a company with share capital, it is not necessary to state the share capital on stationery but, if the company chooses to do so, it must state its paid-up share capital, not its authorised capital.
		Company directors have a personal responsibility for making information about the capital structure, management and activities of their companies available both to the members of the company and to the general public.
	www.companieshouse.gov.uk /about/gbhtml/gbf1.shtml (6714 words)

	Setting-Up Company Limited by Guarantee & Guarantee Company Formations: UK Non-Profit, Charitable Company ... (Site not responding. Last check: 2007-11-02)
		Company Limited by Shares is obliged to use the word limited in its name and on its stationery, but Companies Limited by Guarantee may apply for an exemption.
		A company limited by guarantee is a legal entity which exists in its own right in the eyes of the law, separate and distinct from the individuals who are involved in it.
		These type of companies (private companies limited by guarantee) are used by charities and for not for profit promotion of education, commerce, art science and sport, or for promoting the interests of a particular section of society, or for a particular policy.
	uk-guarantee-company-formation.ukincorp.co.uk.cob-web.org:8888 (5159 words)

	Company Formation Service - Incorporate your company today
		Use of an offshore company incorporated in a suitable country allows the possibility of investing tax efficiently in a high tax country where there is a concessionary tax treaty in respect of investments made by companies incorporated in the offshore country.
		If the holding company is situated in an offshore area where there are no income or corporation taxes and no requirement that dividends must be paid, then the profits which are accumulated in the tax free climate can be used to fund the requirement of subsidiaries or reinvested as business convenience suggests.
		Every limited company must have a Company Secretary (Companies Act 1985 section 283) who will perform a variety of tasks crucial to the smooth running of the company, which includes ensuring that the company's statutory obligations are complied with.
	www.fletcherkennedy.com (2955 words)

	Hanover Company Services : Limited By Guarantee Company (Not For Profit Company)
		A company limited by guarantee is a not for profit entity and does not have a share capital.
		The members will have limited liability - the member’s liability is limited to the amount each member agrees to contribute to the assets of the company in the event of its being wound up, normally £1.
		To form a limited by guarantee company we require one object clause outlining the broad aim of the company, we then incorporate this statement into your Memorandum and Articles.
	www.hanovercompanyservices.com /prices/limited_by_guarantee.asp (344 words)

	British Virgin Islands (BVI) Companies Limited by Guarantee
		A domestic company can apply to the BVI Companies Registry for status as a ‘non-resident company’ and thereby secure exempt status from BVI corporation tax on income not sourced in or remitted to the BVI.
		Ability to utilise the company as a succession vehicle; with correct drafting, asset devolution on the death of a member can be achieved without requirement for probate.
		A company limited by guarantee can achieve (through specialised drafting of the memorandum and articles of association) several purposes, including serving as an offshore holding company, asset protection, charity, investment, private company in lieu of a private trust, real estate, succession company in lieu of a will or grant of administration, or private annuity company.
	www.elanbvi.com /guarantee.html (357 words)

	UK Guarantee Company Formations. Guarantee Company Formations UK. Company Formations Agent
		This form is called the 'guarantee' and because members' liability is limited to the sum they each guarantee, then the company is said to be 'limited by guarantee'.
		The guarantee is legally binding while the guarantor remains a member and for one year after he or she ceases to be a member.
		Charitable companies are bound both by the Companies Acts and the Charities Act, so they must send their annual accounts and annual returns to Companies House and to the Charity Commission.
	www.coddan.co.uk /s-N-uk-guarantee-company-formation.html (4376 words)

	Private Company Limited by Guarantee - £79.95+VAT. Includes company seal and book plus government filing fees!
		Companies Limited by Guarantee are formed to establish mutual insurance and trade protection societies, social, athletic and other clubs; Flat Management Companies and Charities.
		By law any company set up to act as a charity with an annual income of £1000 a year or which is using or occupying land or has assets which constitute a permanent endowment with a restriction as to how the income can be spent, must register with the Charity Commission.
		Company Packages, generally weigh approximately 1 kilo and will be available for office pickup one hour before the close of business day or may be shipped to you via Regular (2-3 day) Service for a charge of £17.95 (plus VAT) or Overnight Delivery for a charge of £30.95 (plus VAT).
	www.spiegelutrera.co.uk /PrivateCompanyLimitedByGuarantee.html (4273 words)

	Companies Limited by Guarantee - Company Formation Agent (via CobWeb/3.1 planetlab2.cs.unc.edu) (Site not responding. Last check: 2007-11-02)
		A Company Limited by Guarantee is a type of company that does not have a share capital or shareholders and is usually formed to manage a charity or not for profit organisation such as a sports club or political party.
		Rather than having shareholders a limited by Guarantee Company will have guarantors (or trustees), such individuals enjoy limited liability status but guarantee to pay a predetermined sum (usually £1.00) in the event of winding up the company.
		Such companies also have a list of predetermined ‘objects’ stipulated in their Memorandum of Association, the objects define what the company will do and usually include a clause to restrict the directors from paying out any profits to the trustees, but rather to reinvest any profits in fulfilling the company's objects.
	www.company-wizard.co.uk.cob-web.org:8888 /eiw/guaranteeCompany.aspx (298 words)

	UK Guarantee Company Registration and Incorporation. What Is An Exempt Charity? Financial Benefits
		Guarantee company subscribers may be residents outside the UK.
		If Companies House rejects incorporation or other electronic filing, we will credit your account with a full refund and the contract between us will be made void.
		Companies House does not offer a cancellation facility for the incorporation of companies or the electronic filing of documents.
	www.coddan.co.uk /s-N3-forming-uk-guarantee-company.html (1688 words)

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