U.K. Professional Clients
U.K. Private Customers
Formation of a company limited by guarantee in Scotland: organisations which operate on a non-profit basis are typically registered as companies limited by guarantee. The incorporation provides them with the numerous benefits and differs from a standard private company limited by shares structure in that there are no shareholders. If you've any enquiry then please get in touch with us! Mail: firstname.lastname@example.org. We aim to reply to all emails within 24 hours. If you are rushing please feel free to call us between 9.30am-6.00pm Monday to Friday by telephoning + 44 (0) 207.935.5171 or (0) 330.808.0089 (national rates) and chat further.
NO HIDDEN CHARGES
This Scottish company limited by guarantee registration with Barclays, RBS, Lloyds bank account is for customers, who have an address in Scotland, & want to keep it simple, and paper free.
The following documents will be sending via e-mail upon the formation of a non-profit corporation in Alba:
NO HIDDEN COSTS
This company limited by guarantee start-up in Scotland with bank account is for people who already have a business address in Alba & require the basic non-profit company incorporation plus additional documentation provided by e-mail & send by post.
This 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 company limited by guarantee startup with great bound documents.
This offer includes all Scottish non-profit company creation benefits cited in the previous options, plus free delivery of:
ANNUAL FEES FROM £125.00
This Scottish company limited by guarantee establishment package is especially for expatriates & UK residents, who are requiring starting up a company limited by guarantee with a registered office address in Edinburgh.
This offer includes all company limited by guarantee incorporation benefits mentioned in the first & the second options, with the addition of:
ANNUAL FEES FROM £155.00
This Scottish company limited by guarantee start-up package is especially for international clients, who are requiring forming a non-profit company with a registered office address in Edinburgh.
The following benefits are included with the formation of a non-profit enterprise in Scotland:
Typically used by charities and sporting organisations, registering as a company limited by guarantee in Scotland has numerous benefits. Unlike private companies limited by shares, companies limited by guarantee do not distribute profits and do not have shareholders. Instead they effectively owned by their members, who act as guarantors in the event of the non-profit organisation being liquidated. These members benefit from limited liability, meaning the amount of money they guarantee is nominal – sometimes as low as £1. Companies limited by guarantee are also legal entities in their own right and are able to employ staff, enter contracts and own assets such as property. Call us today and get your company limited by guarantee under way. If you need an assistance, you can also speak to our advisors between 9.30am-6.00pm Monday to Friday by telephoning + (0) 207.935.5171 or + (0) 330.808.0089 (national rates).
The Scottish non-profit organisation still has a legal personality, but its liabilities are guaranteed by its members who contribute a pre-agreed sum in the event of the company limited by guarantee having to be wound up. Companies limited by guarantee in Scotland are perfect for organisations which need corporate status without becoming a PLC company. They are able to apply for charitable status if needed and can generate profits, although the money made cannot be distributed to members and should be put back into the company to promote its objects.
If you are looking to establish a company limited by guarantee in Scotland, Coddan can help. We have a large and experienced advisors, who can talk you through every aspect of opening of a new company limited by guarantee. Coddan operates a dedicated phone line for the inquires and has a range of services and packages available to suit every need.
In Scotland, companies limited by guarantee are registered by organisations that won't be profiting from them, such as charities, clubs or societies. The profits from the non-for-profit enterprise are not given out to its members and are instead used for other purposes. One of the main reasons it's used is because the structure protects those who are running the venture from being held responsible for any debts that may occur. This type of a company does not have shareholders; instead, it has guarantors, or members.
In order to establish a non-profit association, you need at least one person to nominate as an officer, such person can be appointed as a director and its member. But if the non-profit firm is going to be used for charitable purposes, the legal requirement is three people. It's possible, however, that a director can also be the secretary as well as a member. In order to obtain charitable status, an application must be made to the Charity Commission. We can assist with this to ensure the process is handled in a swift and professional manner.
None of the officers need to be resident in Scotland, or to be British citizens. They can be from anywhere. However, for the purposes of setting-up the company limited by guarantee, a registered office address in Scotland must be supplied, and all official documentation must be kept there.
This doesn't mean the non-profit organisation has to operate from the legal office address, because a company can be run from anywhere. At Coddan, as part of our offers, we can supply an official domiciled office address in Edinburgh and Glasgow. All correspondence from the authorities, such as Companies House and HMRC, that is sent to it is forwarded on to our clients by us.
As with all firms, companies limited by guarantee are obliged to file annual reports and annual accounts before the deadline every year, or be subject to possible penalties and fines. Where organisations are operating as a charity, the files will also need to be submitted to the Charity Commission. Coddan's post-formation service includes preparing and filing these.
The formation of a Scottish company limited by guarantee is different from the establishment of a charitable company. To open a Scottish charitable company 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 Scotland, please contact us for the further advice and consultation.
To incorporate a company limited by guarantee in Scotland with us, you do not need to complete any kind of paper forms, or prepare you own memorandum and articles of associatio. All you need to do is to complete our online application form and provide your company registered office address and objects, which we will include into our tailor-made memorandum and articles of association.