Document background
The Company Limited By Guarantee Memorandum Of Association is a crucial incorporation document required when establishing a company without share capital in Ireland. It must be filed with the Companies Registration Office and comply with the Companies Act 2014. This structure is typically chosen by non-profit organizations, charities, and professional bodies who want to limit their members' liability while operating without distributing profits to members. The document outlines the company's fundamental characteristics, including its name, registered office, objects, and the guarantee amount that members undertake to contribute if the company is wound up. It forms part of the company's constitution and must be drafted carefully to ensure compliance with Irish law and to accurately reflect the organization's intended purpose and operations.
