https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Guarantee_companyGuarantee company - Revision history2026-08-24T21:42:18ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Guarantee_company&diff=24256&oldid=previmported>Doug Williamson: Create page. Sources: Linked pages.2021-07-11T23:44:32Z<p>Create page. Sources: Linked pages.</p>
<p><b>New page</b></p><div>''Company law - limited liability - guarantee.''<br />
<br />
In a guarantee company the liability of the members is restricted to a predefined amount which the members guarantee to contribute (on the event of any winding up of the company).<br />
<br />
This type of company is also known as a ''company limited by guarantee''.<br />
<br />
The members of the company are known as guarantors.<br />
<br />
<br />
Guarantee companies are most often used for charitable purposes, or other not for profit purposes.<br />
<br />
For commercial activities, companies ''limited by shares'' are generally a more convenient choice.<br />
<br />
<br />
Guarantee companies are technically owned by the guarantors.<br />
<br />
However, in the usual cases where the company is a charity or not for profit undertaking, the guarantors would not be seeking any personal benefit from their ownership.<br />
<br />
<br />
== See also ==<br />
* [[Bankruptcy]]<br />
* [[Charitable status]]<br />
* [[Companies registry]]<br />
* [[Company]]<br />
* [[Guarantee]]<br />
* [[Guarantor]]<br />
* [[Limited company]]<br />
* [[Limited liability]]<br />
* [[Not-for-profit]]<br />
* [[Public limited company]]<br />
* [[Unlimited company]]<br />
<br />
[[Category:Accounting,_tax_and_regulation]]<br />
[[Category:The_business_context]]</div>imported>Doug Williamson