Good afternoon, I’ve got a query about limited by guarantee companies. Everything I’ve seen suggests that a limited by guarantee company is the correct (or at least most suitable) company structure for my new venture, which is a table tennis school. Sports societies and academies both seem to fall under the limited by guarantee category. That being said, I’m not trying to start a charity. This business will be my livelihood, and I’d like to make some money through running it. But so many charities are limited by guarantee companies that it has got me wondering: am I allowed to run a limited by guarantee company for profit?
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