Company Limited by Guarantee (CLG)
Submitted by admin-sig on Fri, 02/15/2019 - 12:30The Company Limited by guarantee partnership is the ideal business model for individuals or organizations who want to secure the conveniences of a separate legal personality and of limited liability without the need to raise funds from the partners. This legal structure is mostly implemented by charity organizations, trade unions, society-based bodies and clubs dealing with sporting activities. Non-governmental organizations (NGO) and not-for-profit firms also opt for CLG partnership.