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BENEFITS
OF A USING A COMPANY LIMITED BY GUARANTEE
Using a company for a charity has an
advantage over a trust and an unincorporated
association in that it is 'incorporated'.
Therefore a charity registered as company, like
an individual, can own land.
Also a company is a legal person quite
separate from its members and directors. The
directors are agents of the charity and as such
are not normally liable personally for its
debts.
To register a charity
with the charity commission you need to register your
company and and the same time make a formal request to
the commission.
No-one under the age of 18 can be appointed as a
trustee unless the charity is a registered company, in
which case it is 16. The Charities act 1993 explains
that certain people can not act as trustees for a
charity.
- Benefit from this all-in-one fixed
fee company formation solution. At the same time,
enjoy all the services of our Peace of Mind service. We
provide you with:
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- * your .co.uk domain name and webhosting plan
for 12 months so you create a professional image
from day one.
- * we register you for VAT and
give relevant guidance on how to start your business
while the application process is being completed by
HMRC.
- * we form your company and pay the fees to
company house and you receive all the relevant documents
electronically and in paper version. Your share certificate(s)
will come with a secure
hologram!
- * we help you open an account with HSBC
and benefit from 18 month free banking
- *
we
compare every quarter our prices with leading company
formation agents and above you can see you will
typically save.*1
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