CLG
The usual structure for charities, clubs and not-for-profits: members guarantee a set amount instead of buying shares.
A CLG has members rather than shareholders. Each member guarantees to contribute a set amount if the company is wound up, which keeps their liability small and certain. Its constitution sets out its objects.
A company formed for charitable purposes also needs to register with the Charities Regulator before it operates as a charity.
A CLG needs at least two directors and a secretary. At least one director of an Irish company must live in the European Economic Area. The test is where they live, not their nationality, and a director living in the UK no longer counts.
The name ends in “Company Limited by Guarantee” or “CLG”, or the Irish equivalent.
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CLG
A company limited by guarantee for charities, clubs and non-profits.
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Check your company name against the CRO register now, then form your company when you’re ready.