It is a company that is designed to have no commercial value. Therefore, it has no shares or shareholders. Any profits stay in the company or the community and cannot be shared out to officers in the form of dividends.
This type of company is most commonly used for: charities, clubs, churches, non-profitable organisations and associations.
All the other information required is the same as a company limited by shares just without the shareholding info. It is possible to drop the ‘Limited’ off the end of the company name with a company limited by guarantee, just let us know and we’ll organise it for you.
If you are looking to register a company limtied by guarantee then all of our packages are suitable - we will ask during the process whether you need the company to be set up this way.