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| Company Limited by Guarantee |
| You have an inspired idea, a desire to help other people or animals, perhaps you wish to train or educate, or create a club, society, association or whatever your motive maybe, you are enthusiastic enough to make that first step to achieving that goal... but now what? |
| Well you will need experts guidence and at Foersters you can apply in confidence, we pride ourselves on providing quality, trusted advise, the proof, we created some 400+ Guarantee companies in 2012 placing us in the top selection of Formation Agents. Call today and take that first meaningful step. |
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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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Who uses Guarantee Companies |
| This type of company is widely used by schools and colleges, professional trade associations, fundraising organisations, clubs and community associations. |
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Expert Advice |
Foerster have 8 years experience in helping people just like you obtain the right registraion for their particular type of service, we offer expert advice and guidance throughout the entire registration process, including which articles should be applied, should register with the Charity Commission, how many trustees are needed and much more. Follow our 3 simply steps and in less than 1 day (usually 1 to 4 hours) you will have your very own registered Limited by Guarantee company.  |
| Three simple steps to receiving your registered Limited by Guarantee company: |
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Complete our online registration form including personal details for directors and trustees to be included in the initial registration, you can also add additional directors / trustee following registration, if in doubt call 0161 441 4899 we can are here to help. |
During the application process our standard Articles are automatically added to the registration unless you upload your own (on the order form). |
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Note - Should your Company require specific a Objects clause you can uploaded or emailed them free of charge, or if unsure what to state in the objects we can send you some examples. |
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Following receipt of your registration form our company formation team will review the details and providing all is well send then to Companies House by secure electronic submission |
Companies House also review the details, and if received before 12 noon will usually incorporate the company within 1 to 4 hours. |
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Note - In the event of Companies House rejecting your registration we will resubmit free of chagre |
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Once your Company is registered you will receive all PDF' documents via email, then within 48 hours you will receiveprinted copies of the Company's legal documentation including; incorporation certificate, memorandum of association, standard or bespoke articles of association, unique registration document |
| 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 |
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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, Foersters 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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