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Guarantee Company

Categories: Insurance

A type of corporate structure popular among non-profit organizations in the U.K. Like an LLC or a corporation, a guarantee company protects the people involved by offering limited liability...they can only lose the amount they contribute.

However, this form of organization doesn’t distribute profits or issue stock. It’s more a way to pool money for some purpose, without the ultimate goal of getting money out. Thus, it’s often used for charities and clubs.

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