Hi - I am part of a group that is looking into forming a drama society in east London. As it will be a non-profit, we are obviously thinking of a limited by guarantee company so that everybody’s finances will be protected. I am already a shareholder in two companies, so this isn’t a big step for me, but I’ve never been part of a limited by guarantee company before. Does anyone know whether the shareholder system works the same with limited by guarantee companies? Or do they have something different than shareholders?
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