The Non-Profit Organizations will be mostly provided with the responsibility of forming and structuring “COMPANIES LIMITED By GUARANTEE” and the examples of the Non-Profit Organizations include “Co-operatives of the Workers”, “Organizations based on Memberships” and the “SPORTS Clubs” and the owners of such type of Non-Profit Organizations are desirous of acquiring advantage of “FINANCIAL LIABILITY” of limited kind.

The “Shareholders” or “Shares” will not be possessed by the “Companies Limited By Guarantee” as in case frequently existing “LIMITED BY Share STRUCTURE”. Such Companies will be owned and run by certain “GUARANTORS” who have shown their approval for the paying of a definite financial amount in the account of the Debts of the Company.

THE IDIOCYNCRATIC AND DISTINCTIVE FEATURES OF THE “COMPANIES LIMITED BY GUARANTEE”:

• The benefits or profits will not be distributed or rendered to the “GUARANTORS” in most cases as far as Companies Limited By Guarantee are taken into account rather these profits will be invested back in order to assist the promotion of certain objectives and aims of the company that are of “Non-Profit” category.
• The Company will be forfeiting the right that it possesses to present an application for the “Status of being Charitable” in case if any benefits are rendered to the owners of the Company.
• The “REGISTRAR OF COMPANIES in the United Kingdom or the “COMPANIES HOUSE” is the authority with which the entire number of “Companies Limited By Guarantee” should be registered.
• One “DIRECTOR”, as well as one “GUARANTOR”, must be affiliated with a “Companies Limited By Guarantee”. It can fairly be possible that either multiple “Guarantors” or “Directors” are serving the Company or there is a single person who is performing for dual positions.
• The information related to the “Guarantors” as well as the “Directors” who are working for the “Companies Limited By Guarantee”, should be shared on a public platform in accurate shape and order.
• It will be an obligation upon the “Companies Limited By Guarantee” to ensure the provision of details regarding the “REGISTERED OFFICE” linked to these Companies whilst providing all the imperative and crucial information.
• It will also be the pivotal responsibility of the “Companies Limited By Guarantee” to make sure that “Annual Return” as well as “Accounts” are filed with appropriation on the annual basis at the “COMPANIES HOUSE”.

THE ADVANTAGES OR BENEFITS ATTAINED BY THE “COMPANY OWNERS”:

• “Companies Limited By Guarantee” are Distinctive Entities as per the legislations from the owners of such Companies and are accountable for the “Debts” on their own.
• There will be an assurance of the protection of the “Personal Finances” of the Guarantors of the Company. This will not be the responsibility of the Guarantors to pay “Company Debts” reaching up to the level of “Guarantees” that they have stated.
• The task of “Confidence Building” as well as “Establishing Trust” between the Investors and the Clients, will be assigned to the “STATUS LIMITED”.
• Such kind of “Credibility” that is based on professional aesthetics, is substantial and will be assistive for a Company to accomplish its motifs and targets in an effective manner.
• If you are intending to establish and structure any kind of Non-Profit Organization in the core interest and benefit of either “Local Community”, “Individuals” or “Greater or Broader Society” then the most suitable option of structuring the Company is the “Companies Limited By Guarantee”.
• The “Companies Limited By Guarantee” will be either;

1. A “CHARITY”.
2. A “COORPERATIVE” or a “CLUB”
3. A “SOCIAL ENTERPRISE”.
4. A “MEMBERSHIP ORGANIZATION”.
5. Any other kind of “SELF-SUSTAINING BUSINESS ENTERPRISE”.
6. The core intention of such Companies will be the creation of income monies in order to flourish and promote “Non-Profit Objectives” of the Company instead of fulfilling the aim of making earnings for the “Members” affiliated with the Company or for “Yourself”.
7. “ELITE-ACCOUNTANCY” is the sound platform for the Company Owners to outsource Accountancy Services for the purpose of getting their “Companies Limited By Guarantee” registered in “WALES” or “ENGLAND”.