I am planning to set up a not-for-profit sport society in Newcastle, and I have been advised by a colleague that the type of company structure that would be best for me would be a limited by guarantee company. In the past, I have been a shareholder in a private limited company, but I am relatively inexperienced when it comes to not-for-profit companies. Instead of shareholders, I know that limited by guarantee companies have guarantors. But what exactly is a guarantor?
Thank you for your help
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