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Limited by Guarantee

limited gy guarantee

 
 
  Price Includes :
* Ltd Company 1 to 4 Hrs
* Incorporation Certificate (pdf)
* Mem & Articles (pdf)
Printed Documents
* Official Printed Certificate of Inc
* Official Printed Model Memorandum & Articles of Association
All sent via Royal Mail
  Banking
* Business Bank Account*
* Choice of Banks
* Upto 2yrs Free Banking
* Cheque Book, Card etc
* Internet Merchant A/c*
  Running Your Company
* Internet Merchant Account*
* PDQ Machine*
* 0844 Tel or Fax Number
Order
IMPORTANT NOTES
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.
Sensitive Names >>>
 
Need to know more before starting...
 
Important Points about registering a Guarantee Company
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 require more information then please contact our admin team on the above number or email your query to guaranteeco@foersterformations.co.uk
 
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 Memorandum & Articles of Association).
 
Articles
The Company’s Articles are the rules and regulations that govern the way the company operates, we provide “Model” articles which serves 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.
 
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 :
  1. 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.
  2. 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.
 
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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Good Luck with your new venture and don't forget to return to the birth place of your Company.
 
   
For more information on :
For your Limited Company Formation & Limited By Guarantee, CIC's and any other Registrations CALL DIRECT on 08443 57 58 59
Other Package Details
The following Company Formation features apply to the respective company formation packages:
Business Package / Build your own / Merit / Professional / Executive / Corporate
  • Company Formation
  • Filing of all documents with Companies House
  • Full Trading Company
  • Certificate of Incorporation emailed 1 to 4 hours (pdf doc) if order received before 12 noon Companies house pending
  • Memorandum and Articles of Association emailed 1 to 4 hours (word doc) if order received before 12 noon Companies house pending
  • Full Business bank account (UK residents only sorry)*
  • Upto 2 years free banking
  • Merchant Account Introduction*
  • PDQ Introduction
  • 0844 business number
Merit / Professional / Executive / Corporate
  • Company Formation
  • Printed Copy Memorandum and Articles of Association
  • Official Printed Certificate of Incorporation (we can onle post documents to UK Addresses unless additional postage is paid).
  • Registered Office 1, 2 & 3 years
  • Legal Mail Forwarded 1, 2, & 3 yearsyear
  • Compliance (we remind you of important filing dates) 1 year
  • 28 Page Business Plan Template
Professional / Executive / Corporate
  • Company Formation
  • VAT Registration
  • Doimain .co.uk
  • 200mb Webspace
  • 5 Email addresses
  • Free hosting 1year
  • Web Interface
  • 24/7 access
Executive / Corporate
  • Company Formation
  • Mail Forwarding 6 months / 1 year
  • Nominee Secretary 1 / 3 years
  • Ringbinder Register
  • Company Seal
Corporate
  • Company Formation
  • Registered office 3 years
  • Mail Forwarding 3 years
  • Company Seal
Business
  • Company Formation
  • Poor Credit Bank Account

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Foerster Business Solutions Ltd
Foerster Business Solutions Limited specialise in providing UK company registration, offshore company formation and business bank accounts both online and by telephone. By browsing through our website you will see the many different company formation packages we offer, If you don't see a package suited to your particular circumstances then we will be delighted to build one to meet your needs. Our dedication to offering the very best service for company formations online clints has placed us in the unique position of allowing us to fill our packages to busting with useful features; full business bank account*, 0844 business number and internet merchant services are all includes with each company registration we setup.
 
Foersters continue to search the market place for any additional features for our packages to enhance our customers prospects of a successful business venture. As well as company formation we also offer a wide range of other services which can assist in the running of your business.
 
Everything you need to know about a Limited Company Formation

There are four main types of company:

  • Private company limited by shares - members' liability is limited to the amount unpaid on shares they hold.
  • Private company limited by guarantee - members' liability is limited to the amount they have agreed to contribute to the company's assets if it is wound up.
  • Private unlimited company - there is no limit to the members' liability.
  • Public limited company (PLC) - the company's shares may be offered for sale to the general public and members' liability is limited to the amount unpaid on shares held by them.

Foerster Business Solutions deals with private companies limited by shares or limited by guarantee.

The Companies Act generally allows one or more persons to form a company for any lawful purpose by subscribing to its memorandum of association.

Every company must have formally appointed company officers at all times.

A private company must have at least one named director our standard M & A’s are written for a minimum one director and one secretary, for all other scenarios please contact our office 08443 57 58 59, formal qualifications are not required. A company's sole director cannot also be the company secretary.

In general terms anyone can be a company director but there are some rules. You cannot be a company director if you are an un-discharged bankrupt or disqualified by a court from holding a directorship, unless given leave to act in respect of a particular company or companies.

Company Name
There are also some restrictions on your choice of company name.
The restrictions are:

  • you cannot register the same name as another company
  • the use of certain words is restricted
  • names likely to cause offence are not allowed

It is important to check whether your chosen name is similar to any other name already on the Companies House register. If an objection is made within the 12 months following the incorporation of your company that your chosen name is too like another name, you could be directed by the Secretary of State to change your company’s name.

Statutory Registers
The company must maintain registers for the following:
The register of members (shareholders)
The register of directors and secretaries
The register of directors interests
The register of charges

Principle
In basic terms the Limited Liability company allows commerce to flourish by enabling credit to be extended with minimum risk to all parties and is an important factor in the trading success of the United Kingdom. In a Limited Company, the owners (shareholders) are not personally liable for the debts of their business or any claims made against the company. 

This legal limitation, called "limited liability" is created through registration at Companies House. The process is known as Incorporation. It is obvious why the majority of small business owners are so attracted by Limited Liability. Almost every business will accumulate debts that create the risk of being sued

Avoiding danger
Without limiting your personal liability, every business owner would be completely legally responsible for the debts Your personal assets would therefore be at risk. With limited liability, personal assets can remain in tact, even if the business fails under a burden of debt. A UK private limited company is able to distributed profits to its shareholders by way of a dividend.

Taxation
The rules on both personal and corporate taxation are regularly modified by the Chancellor of the day but it is normally the case that profits distributed through dividends are a tax efficient means of rewarding entrepreneurs for the commercial risks they take.

The most common form of Limited Liability in the UK is the Private Limited Company of which there are over one million currently registered at Companies House. These companies can be recognised easily by the suffix Limited or LTD at the end of their name.

Public Information
Limited Liability companies are obliged by law to maintain records of their affairs at Companies House. In this way it is possible for anybody to purchase copies of this information before trading with the company.

This simple mechanism balances the benefit of Limited Liability given to the owners of companies by allowing their creditors to assess the risks they may be taking in providing goods and services on credit.

* Note Bank & Merchant Accounts included in the above packages are subject to the banks/providers own status checks and are not guaranteed acceptance. If your bank account is refused we do have a poor credit bank account service..
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