| | UK Company Incorporation - Types of Companies (Site not responding. Last check: 2007-10-21) |
 | | The majority of companies are those limited by shares, with members or shareholders who hold one or more shares issued to them by the company in return for payment. |
 | | Although most shares are fully paid and the shareholder has no liability for the company's debts, a shareholder's liability to the company's creditors is normally limited to the amount of any shares that have been issued to them and which they have not fully paid for. |
 | | A guarantee company has members, rather than shareholders, whose liability is limited by an amount, normally less than a £1, guaranteed by each member, which becomes due in the event of the company being wound up. |
| www.4business.com /ukincorp/companies.asp (480 words) |