I need advice. A few mates and I have been in charge of a running club in Cumbria for about two years. It’s grown by leaps and bounds, and now has almost a hundred members! Now, we’re keen to try and use that membership to give back to the community. We want to form an actual, official group to do fundraising and stage local running events. The problem is, none of us have got a clue how to do it! Trying to get started, it looks like there are a few different company types you could form, and that we either want to go with a company limited by shares or a company limited by guarantee. Not sure which, though. Can anybody tell me what the differences between these two company types actually are?
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