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Company Limited by Guarantee
eFaze
offers choices of Memorandum and Articles of Association when you form a Company
Limited by Guarantee.
You must be
sure that what you are entering into the Memorandum and Articles of Association
will be used as your formation document for your company and the wording must
accurately describe the nature of your proposed Company.
NB.
eFaze electronic systems are not able to check the wording or spelling of any
text entered. eFaze will not be responsible for rejections from Companies House
or the Charities Commission as a result of text entered.
If your
company is to be a charity, you will be provided with our standard Charities
Commission model Memorandum and Articles of Association. For registration with
the Charities Commission, initially we use the Charities Commission standard
model articles and memorandum. The objects clause is "other charitable
purposes". You will probably have to amend this clause at a later date to
reflect the specific purpose of your charity or organisation. We can assist you
to draft bespoke articles. Please note there is no guarantee that the Charities
Commission will accept your objects if they are poorly drafted or do not
accurately reflect the aims of the charity or are not sufficiently wide.
If your
company is NOT going to be a charity you will be provided with our
standard Not For Profit model Memorandum and Articles of Association and you can
then add in your own particular specific objects clauses at a later date
We
currently do not charge extra for forming a company limited by guarantee, but if
you should require assistance with the drafting of your objects clauses, advice
given will be charged on a time basis.
You can use your own form of
Memorandum and Articles of Association. You will need to email us (companyformationsupport@efaze.com)
your template as a word document and we will then check and prepare them for
submission to Companies House. There is a £25 surcharge for this option
We CAN draft bespoke
articles at a cost of £35 per half hour.
Please contact us on
companyformationsupport@efaze.com BEFORE you form your company
If you are forming a charity, forming a company limited by
guarantee is just the first step. The Charities Commission normally insists
that you have created the organisation before they will consider your
application for charitable status.
This can result in a catch 22 situation if you are registering a company with
the word Charity. The charities commission will not register the charity
without an existing company and Companies House will not register the company
without Charities Commission approval. The quick solution is to register your
company with a different name and change the company name after approval.
Charity or Not For Profit
(Limited by Guarantee)
(Not available as a dormant
company)