Register a company limited by guarantee in Northern Ireland: at Coddan, our business consultants can help you with every aspect of registering a non-profit entity in Northern Ireland, including the post-formation process. We explore the action of a company limited by guarantee start-up in Ulster. The information here is far from all-encompassing and we recommend seeking out the services of a professional business start-up agent such as Coddan, before taking things further.
NO HIDDEN CHARGES
This non-profit organisation start-up in Northern Ireland with business bank account is for customers, who have an address there, & want to keep it simple, and paper free.
The following documents will be sending via e-mail upon the registration of a non-profit company in Northern Ireland:
NO HIDDEN COSTS
This company limited by guarantee registration in Northern Ireland with bank account is for people who already have a registered address in Ulster & require the basic non-profit company formation plus additional documentation provided by e-mail & send by post.
This North of Irish company limited by guarantee formation offer includes everything mentioned in the first option, plus:
NO HIDDEN FEES
This package is for customers who want all the customary trappings of formal Northern Ireland company limited by guarantee incorporation with great bound documents.
This offer includes all Ulster non-profit company establishment benefits cited in the previous options, plus free delivery of:
ANNUAL FEES FROM £125.00
This company limited by guarantee incorporation package is especially for expatriates & UK residents, who are requiring open a non-profit company with a registered office address in Belfast.
This non-profit company set-up in Northern Ireland offer includes all benefits mentioned in the first & the second options, plus:
We can take care of registering your new non-profit company, and forward all the appropriate certificates to you by email in a matter of hours so that you will be able to get down to business without further delay. As of 2009, when the system in Northern Ireland for registering non-profit companies was brought into line with the rest of the UK, the whole process of registration has become simpler, and is a straightforward process that can be done online. If you need any advice on registering a company limited by guarantee in Northern Ireland, we'd be delighted to help, as well as answer any other questions you may have. If you need an assistance with a guarantee company registration in North of Ireland, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).
Since the Companies Act 2006 came into force on October 1st 2009, the process for registering a company limited by guarantee in Northern Ireland has been standardised with the rest of the Great Britain. Previously a firm was listed with the Companies Registry Northern Ireland (CRNI), but the information is now passed to the Department of Business, Innovation and Skills (BIS), and lodged at Companies House. This change means the process is easier to understand if you already have experience in registering companies limited by guarantee in England, Scotland and Wales.
There are number of good reasons to consider registering a limited company by guarantee in the North of Ireland. Typically, the method is used by non-profit organisations because it gives them the ability to retain their status as a legal entity without having to have shareholders. Limited companies by guarantee include charities, trade unions, members clubs, social enterprises and sporting groups to name but a few. Like most other types of companies, they are able to enter into contracts, employ people, sue and be sued and purchase assets such as a property.
Providing your new company limited by guarantee has a registered office address in Northern Ireland, you can conduct business from anywhere in the world. If a limited company by guarantee sounds right for you, give Coddan a call. Our team is very experienced in all aspects of non-profit company registration and can talk through the entire process.
The main advantage of becoming an incorporated non-profit company over remaining an unincorporated partnership or organisation, is that it allows your business to have a separate legal entity from its members. This enables the North of Ireland company limited by guarantee to then enter into contracts in its own right, employ staff, purchase property and sue or be sued in court.
Most limited companies limited by guarantee are for-profit businesses and are registering in a manner which sees their profits distributed to shareholders.
However, if you are a non-profit organisation such as a charity, there is still a way to get the benefits of incorporation without having start operating as a commercial entity. This type of incorporation is done by becoming a company limited by guarantee. In this model, members pay an annual fee rather than buying shares in the company limited by shares. Often this is a nominal sum such as £1 and the money is used as a 'guarantee' to creditors in the event of the non-profit company being wound up.
Consider the pros and cons: the first thing to think about when considering registration are the benefits and disadvantages of the move. As already alluded to, the main pros of becoming a company limited by guarantee in Northern Ireland is the business being able to operate as its own legal entity, enabling it to enter contracts, employ staff and own property.
Other benefits include it appearing more professional to outsiders and its liabilities being limited to sums paid in by members each year. The firm's directors and trustees also benefit from limited liability providing they are prudent and honest. The cons are minimal, but they include more laws to learn, increased accountability and possibly increased audit costs.
Setting up a company limited by guarantee in North of Ireland: the company needs to have at least one person willing to be the member and who will act as the director. The member sign the memorandum and the firms articles of association are then filed with Companies House. Once this is completed, Companies House issues a certificate of incorporation. At this stage, the directors should notify all members as well as HM Revenue & Customs that the company's limited by guarantee registration has been finalised.
Registration of a North of Ireland company limited by guarantee is different from establishment of a charitable company. To register a charitable company in Northern Ireland you need to have three members, one company director, specific memorandum and articles of association and the permission from the Charity Commission. If you want to register a charity business in Ulster, please contact us for the further advice and consultation.
To register a company limited by guarantee in North of Ireland with us, you do not need to complete any kind of paper forms, or prepare you own memorandum and articles of association for a North of Ireland company limited by guarantee. All you need to do to incorporate a non-profit company in North of Ireland with us, is to complete our online application form and provide your company objects, which we will include into our tailor-made memorandum and articles of association.