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Forming a company limited by guarantee or registering a company limited by shares

The company limited by guarantee has many similarities with the private limited company by shares (LTD). Both will be registered at Companies House and both will receive a certificate of incorporation. Thereafter, both will have to submit annual accounts and filing annual returns. Both structures also offer the protection of limited liability. There are, however, significant differences between the two structures. Use of Coddan company limited by guarantee formation agent: starting up a company limited by guarantee for the local or overseas customers! Setting-up a non-profit business in the United Kingdom involves choosing between various company structures and for many the company limited by guarantee is an attractive option. The company limited by guarantee has become established as a common structure for professional organisations, non-profitable businesses, but other entrepreneurs are now coming to appreciate the benefits of the structure.



Our packages to register a guarantee company for UK residents

£39.49

NO HIDDEN CHARGES

1
option

This company limited by guarantee startup with UK business bank account is for customers, who have an address in the UK, & want to keep it simple, and paper free.

The following documents will be sending via e-mail upon the setting up of a company limited by guarantee:

    • The certificate of incorporation;
    • The Coddan tailor-made memorandum & articles of association;
    • The free referral to corporate bank account.
£54.49

NO HIDDEN COSTS

2
option

This company limited by guarantee start-up with bank account is for people who already have a UK registered address & require the basic company set-up plus additional documentation provided by e-mail & send by post.

This company limited by guarantee start-up offer includes everything mentioned in the first option, plus:

  • The meeting of the board of directors;
  • Membership certificates, company' registers, & laminated certificate of incorporation.
£97.49

NO HIDDEN FEES

3
option

This package is for customers who want all the customary trappings of formal company limited by guarantee start up with great bound documents.

This offer includes all guarantee company set-up benefits cited in the previous options, plus:

  • One set of the memorandum and articles of association with a company's registers printed & premium bound;
  • The first meeting of the board of directors, elegant membership certificates & the company rubber stamp;
  • The certificate of the beneficial owner.
£104.49

ANNUAL FEES FROM £75.00

4
option

This company limited by guarantee setting up package especially for expatriates & UK residents, who are requiring set-up a guarantee company with a registered office address in London.

This guarantee company startup offer includes all guarantee company formation benefits mentioned in the first & the second options, with the addition of:

  • The registered office address in London with mail forwarding;
  • The secretarial compliance service & the certificate of the registered office address;



Our packages to establish a guarantee company for international consumers

£134.49

ANNUAL FEES FROM £105.00

1
option

This guarantee company start-up package for non-UK customers comes with the registered office address in London and the company's secretarial compliance service.

The following items are included in to this offer:

  • The certificate of incorporation, the memorandum & articles;
  • The company's registers, membership' certificates & meeting of the board of directors;
  • The registered office address;
  • The government mail forwarding & the secretarial compliance
£484.49

ANNUAL FEES FROM £455.00

2
option

This is one of the very favorite guarantee company start-up packages for non-UK customers, who wish to appoint a nominee director in order to maintain the anonymity, & free consultation.

This company limited by guarantee start-up offer includes all services mentioned in the first option, plus the following:

  • The provision of a nominee director;
  • The signed power of attorney;
  • The signed, undated resignation letter from a nominee director;
  • The agreement for the provision of the nominee service.
£634.49

ANNUAL FEES FROM £605.00

3
option

This is one of the most popular company limited by guarantee set-up packages for non-UK customers, who wish to appoint a nominee member as an additional to the nominee director, & free consultation.

This guarantee company start up offer includes all services mentioned in the second option, plus:

  • The provision of a nominee member service for one year;
  • The declaration of trust dully signed by a nominee member;
  • The certificate of the beneficial owner.
£779.49

ANNUAL FEES FROM £605.00

4
option

This is the most optimal guarantee company start-up package in the UK market for such non-UK customers, who wish to legalise all corporate documents by a Notary Public and certify them by the Apostille stamp.

This guarantee company set-up offer includes all services mentioned in the third option, plus:

  • The certification of all corporate documents incl. the power of attorney by a Notary Public & the final verification of documents by the Apostille.
  • Free corporate & the attorney in law' rubber stamps.



Choosing a company limited by guarantee or a private company limited by shares

Differences between a limited company by shares and a company limited by guarantee: non-profit company does not have a share capital, while the private company limited by shares must have a share capital. The company limited by guarantee does not have to hold an annual general meeting. One significant difference is that companies limited by guarantee cannot issue shares. This can make it more difficult to raise finance as they cannot sell shares to raise capital. It can also be more difficult to construct an exit strategy and sell or transfer the assets of the company limited by guarantee.

If you are in the UK, or locating abroad, and thinking of incorporating a company limited by guarantee in UK, you need to speak to Coddan Ltd non-profit company start-up agent. A company limited by guarantee has become an increasingly common alternative to the traditional limited companies and it offers a number of advantages.

Companies limited by guarantee protect the personal assets of those involved, as with a limited company by shares, with Coddan Formations Agency's nominee director, though, your company limited by guarantee can maintain absolute fluidity and change according to the next project or even one-off job. A company limited by guarantee can buy property, obtain a credit rating, obtain finance and all manner of things a traditional entity can do. So if you think that the starting-up of a company limited by guarantee could be for you, get in touch with Coddan Formations Agency today.

Are you ready to start a cuarantee company formation & setting-Up a guarantee company in London?
From a simple guarantee company start-up offer to a nominee director, & everything in between ...

Starting Guarantee Company

Our electronic company limited by guarantee start up software has been approved by Registrar of Companies, and our new company limited by guarantee set-up prices include all Companies Registry' fees and legal required documentation. Our guarantee company formation and guarantee company post-formation system have been fully updated and are in compliance with the Companies Act, please be assured that you can start up a guarantee company through us with the professional confidence. Coddan Formations Agency is the London based, favorite and most successful guarantee companies setting-up agent offer quick, flexible & price reasonable registration of guarantee companies across the England, Wales, Scotland, and Northern Ireland.

Guarantee company formation & VAT registration: registering a new company limited by guarantee involves lodging documents with Companies House. This guarantee company start-up process can be completed quickly and legally by allowing a formation agent to register your guarantee company in a matter of hours. However, new incorporated guarantee companies must also register for VAT, & get the VAT registered number if their revenues exceed the threshold as laid out by HMRC. There is more than one way to arrange your guarantee company's VAT registration, including nominating directors to take responsibility.

However, choosing which method of VAT management is best for your new guarantee company is a complex decision, but relying on the expertise and experience of an guarantee company start-up agent can help you to make the right decision. If you need an assistance with a guarantee company set-up in the UK, you can also speak to our business advisors between 9.30am-6.00pm Monday to Friday by telephoning +44 (0) 207.935.5171 or +44 (0) 330.808.0089 (national rates).

Forming a guarantee company in the UK

UK Guarantee Company Set-Up

Companies limited by guarantee are private limited companies where the liability of the members is limited. The limitation of liability takes the form of a member guaranteeing to pay a nominal sum (£1.00 commonly) 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.

Like a company limited by shares, a company limited by guarantee requires to be registered at Companies House through the submission of various statutory forms and its constitutional documents - the memorandum and articles of association. It is only once the certificate of incorporation is issued that the company comes into existence. Guarantee companies can apply for exemption of the use of the word "limited" from the company name provided the detailed requirements of section 30 of the Companies Act have been met. If it is intended to set-up a company limited by guarantee for charitable purposes the objects of the company must be charitable.

No shares are issued. This type of limited company has members. The members agree to contribute a membership fee or subscription, normally have equal voting rights and elect a board of directors. Any profits (often known as "surpluses") are not distributed as dividends, but may be used to support the activities for which the guarantee company is set-up.