A Limited by Guarantee Charity Company
For organisations looking for a full charity registration and limited liability this is the company for you.
A Limited by Guarantee Charity Company does not have share capital or shareholders.
Instead of shareholders a Limited by Guarantee Company will have subscribers, otherwise known as trustees or guarantors.
A Limited By Guarantee Charity Company follows the general style of a Limited by Guarantee Company but uses Articles approved by the Charity Commission.
In the event of the Company winding up, the Subscribers will be liable to pay a predetermined sum as stated in the Memorandum and Articles of the Company (usually £10.00).
The Company is required to have a Registered Office Address in the UK.
You must appoint a minimum of 1 Director and 1 Subscriber / Member.
The Directors and Shareholders can be of any nationality and can be a corporate body or private individual.
There is a maximum of 50 Directors if incorporated electronically.
Although no share capital is held in the Company, at least one subscriber must be named