Document background
The Company Limited By Guarantee Memorandum Of Association is a crucial incorporation document required when establishing a non-profit or charitable organization in England and Wales. Since the Companies Act 2006, it has become a simpler document that captures the company's state at formation, while most operational provisions now reside in the Articles of Association. It must specify the company's name, registered office jurisdiction, the nature of members' liability, and the guarantee amount. This structure is particularly suitable for organizations that reinvest profits rather than distributing them to members, such as charities, professional associations, and educational institutions.
