I have got a question about limited by guarantee companies. I understand instead of shareholders, like limited companies have got, limited by guarantee companies have got what’s called guarantors. Based on the name of this structure, that makes a lot of sense. But I don’t really get why. I thought the whole point of a non-profit was to benefit everyone, so why make a guarantor step up to the plate and be responsible for failures? What’s the point?
Browse other questions tagged Ask a new questionor