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This company type is suitable for charitable organisations and not-for-profit companies such as clubs, associations, sports clubs, membership clubs, educational bodies and voluntary organisation. It’s perfect for organisations that can’t set up a traditional limited by guarantee company .
If the objects of your limited by guarantee company are charitable, you can be exempt from having the word “Limited” or “Ltd’ at the end of your company’s name. During the application process, you will be asked to tick a box requesting the name exemption. At the of the application process, you will be asked to download our limited by guarantee company articles of association. You can then insert the objects of your organization and upload the edited document. The amended articles will be submitted electronically with your application.
The word “charity” is considered a sensitive word by Companies House, and it cannot be included in your company name until you are registered with the Charity Commission . The easier option for you is to register your company under another name, which will give you a company number. After that, you can apply to the Charity Commission to have your company added as a “registered charity”. This will then give you a separate charity number. At this point, you will be recognised as a charity and can simply change your company name to include the word “charity”. We can help you inform Companies House of your name change and handle all the paperwork for you.
When you register a company, you have multiple options. Registering as a limited by guarantee company will protect the people running the organisation from personal liability for the company’s debts. In a charitable company’s limited by guarantee model articles, the liability is limited to the amount of the guarantee set out in the model articles, which is normally just £1. Funding bodies, such as local authorities, may also insist that the charitable organization be registered as limited by guarantee.
A limited by guarantee company is similar to a company limited by shares in that it is registered at Companies House, ran by directors and must file accounts and a confirmation statement every year. The fundamental difference is that a limited by guarantee company will not have any shareholders but members who control it.
There are various pros and cons of setting up a charitable organisation as a limited by guarantee company. Whether you decide to opt for this option will depend on your needs and activities.
Pros
Cons
Each category may have different legal, operational, and tax requirements depending on the jurisdiction. In the UK, many of these organizations are regulated by the Charity Commission if they meet the criteria for charitable status.
We’ll assist you with the formation of your new UK limited by guarantee company and ensure that everything is set up correctly for a charitable organisation.
As a charity, your articles of association should reflect your organisation’s nature and specific details. We’ll provide you with charity-specific articles of association that meet Companies House requirements.
Our super-quick online service streamlines the process of setting up a charity company. We just need a few details from you, and we’ll handle the rest. No paperwork or physical signature is required.
After successful registration, we’ll send you digital and printed copies of all essential company documents, including the certificate of incorporation, memorandum and articles of association.