what is a charitable company limited by guarantee
A company limited by guarantee is primarily for non-profit organisations that require corporate status. It is common practice for guarantee companies to retain their profits within the company in order to reinvest in its operations rather than distribute the profits to their members.Unlike a company limited by shares, a guarantee company has no share capital or shareholders.t is common practice for guarantee companies to retain their profits within the company in order to reinvest in its operations rather than distribute the profits to their members. Unlike a company limited by shares, a guarantee company has no share capital or shareholders.