<Tr> <Td> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> </Td> </Tr> <Ul> <Li> </Li> <Li> </Li> <Li> </Li> </Ul> <P> In British and Irish company law, a company limited by guarantee (LBG) is an alternative type of corporation used primarily for non-profit organisations that require legal personality . A company limited by guarantee does not usually have a share capital or shareholders, but instead has members who act as guarantors . The guarantors give an undertaking to contribute a nominal amount (typically very small) in the event of the winding up of the company . </P> <P> A company limited by guarantee can distribute its profits to its members, if allowed to by its articles of association, but then it would not be eligible for charitable status . Limited companies can convert to a community interest company (CIC) which feature an asset lock which prevents the extraction of profits . </P>

A company limited by guarantee without share capital
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