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| Company Limited by Guarantee |
| This is a non-profit company widely used by schools and colleges, professional trade associations, fundraising organisations, clubs and community associations. |
| Should you require experts guidence our team are on hand awaiting your call. Apply in confidence we pride ourselves on providing quality, trusted advise the proof well we created some 400+ Guarantee companies last year placing us in the top selection of Formation Agents. |
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Charitable Motive |
| If your motive is charitable you will need a special type of limited company, one that works in the interest of your particular enterprise, and should the occasion arise one that can easily transpire to become full charity status, you require a Limited by Guarantee company or more commonly know as a none profit company. |
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Expert Advice |
Forbes have 8 years experience in helping people just like you register their limited by guarantee company, we offer expert advice and guidance throughout the entire registration process on questions like: which articles should be applied? Do we require objects adding? Should I register with the Charity Commission? What are trustees? ... and much more. By follow our 3 simply steps below in less than 1 day (usually 1 to 4 hours) you will be the proud owner of a registered Limited by Guarantee Company.  |
| Three simple steps to receiving your registered Limited by Guarantee company: |
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Complete our online company registration form or call us and allow our team to complete it for you call 0161 726 0072
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| During the process can use our Articles as standard or upload / copy & paste your own – What are the Articles >> ? |
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| Now sit back and wait Companies House will review the details, and if your order is received before 12 noon incorporation will usually complete within 1 to 4 hours. |
| Watch your inbox for all the Company electronic documents, if you have opted for a business account, by this point it has been applied for and the bank will be in touch soon |
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| E-documents received, bank account applied for wait just a couple of days to receive all the Company official documents in printed format. |
| You can start to trade immediately your guarantee company is registered. |
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What documents are included in my package |
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Memorandum of Association |
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Articles of Association (either Model or Bespoke) |
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Incorporation Certificate |
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List of Trustees |
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Unique Incorporation Document |
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| Important Points about registering a Guarantee Company |
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There is a huge amount of information concerning guarantee companies, charities etc and without doubt we could fill many pages with important guides, however whilst we in no way wish to undermine such guides, in this section we have decided to concentrate on the basics, should you require further information please contact our admin team on the above number or email your query to contactus@foersterformations.co.uk. |
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| Chosing a Company Name |
It is important you select the most appropriate name to suit your Company needs, there are many sensitive words that either require permission for use or further data adding to the articles before they can be included in your name, such as "British, England, Association, Trust etc, click on the link below for a list of the most common sensitive names. Check here for sensitive names |
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| Share capital / Shareholders |
A guarantee company does not have a share capital, but has members or trustees who are guarantors instead of shareholders. |
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. The amount of money that is guaranteed can be as little as £1 and will be stated within the constitution of the company (the Articles of Association). |
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| Articles |
The Company’s Articles are the rules and regulations that govern the way the company operates, we provide “Model” articles which serve for most guarantee companies, however you can include your own articles there is no extra charge, Forbes will preview your “Bespoke” article just to ensure they comply with Companies House regulation. Should your Company require specific Objects clause again this can be uploaded free of charge, or we can send you some examples. |
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| Directors or Trustees |
This can be confusing – There are many responsibilities associated with the position of director, however when registering your guarantee there are two important aspects you must consider: |
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This can be confusing – There are many responsibilities associated with the position of director, however when registering your guarantee there are two important aspects you must consider : If your intension is to register the company with the Charity Commission as a charity then the minimum required directors is 2, though for voting reasons it is recommended there are 3.
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If your intensions are simply to run as a non profit organisation and not register as a charity then the requirement is only 1 director.
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| Can Anyone become a trustee |
The simple answer is yes though we recommend you are selective about your appointments, should you decide to register as a charity then there are certain rules governing the qualification of trustees, for instance if the organisation intends to work with children then strict checks must be carried out by the police department. Remember Trustees are the people responsible for ensuring that a charity or community group has a clear strategy, that it remains true to its original vision, and that it complies with all necessary rules and legal obligations, therefore you not only do you need people who are trusted but someone who is committed and passionate about the intentions of your complete organisation. |
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