Guarantee Companies – What, When and How (Aug 24)
Category: Company Law & Insolvency | Duration: 1hr | Tag: VODUK2450 | Type: Video | Course Level: Foundation | Speaker: David Impey | Date: 01/08/2024 10:00
Accountants often advise or deal with companies limited by guarantee and it’s important to understand the characteristics of these types of company, why they are used in certain situations – such as for on-profit distributing situations, including charities, social enterprises, sports clubs and residents’ management companies - and, particularly, how they differ from other, similar legal entities such as share companies. It’s also important to understand how guarantee companies operate - how they are set up and administered, how they’re funded, and the rights, obligations and nature of membership of a guarantee company (and the many advantages those rules offer).
David Impey