Patricia Holdings makes setting up a Limited by Guarantee Company simple. This company type can be ordered online or by completing a manual order form and returning it to us by email.
A Limited by Guarantee company (LBG) is a common company structure used for not-for-profit and charitable organisations in Australia such as recreational clubs, cultural communities and charitable organisations. It is a type of public company formed on the principle that the liability of members is limited to the amount they agree to contribute if the company is wound up. This amount is known as a members guarantee and is specified at the time of incorporation.
LBG companies (or CLG) are the most common type of company used when setting up a charity in Australia. They do not have share capital, cannot issue shares therefore no person can acquire a controlling interest, cannot pay dividends and each member is only entitled to a single vote.
Patricia Holdings offers two types of LBG constitutions – both satisfying the requirements to register with the Australian Charities and Not-for-profits Commission (ACNC) and also meet the general requirements for gaining Deductible Gift Recipient (DGR) endorsement with the ATO.
The difference between the LBG constitutions Patricia Holdings offers is that one is suitable for companies seeking eligibility for the reduced ASIC annual fee, or removing “Limited” from their name. The special purpose constitution contains restrictions on the company making distributions to members, paying fees to directors and only allows the company to pursue charitable purposes.
Please refer to the Help Centre to read more about Limited by Guarantee companies and information to help you decide which constitution is right for you.
- ASIC Certificate of Registration
- A complete and tailored suite of documents completing your company register, including:
- Company Constitution
- Members resolution on incorporation
- Directors resolution on incorporation
- Register of directors, secretaries & members
- Officeholder consents
- Members consents and applications
- Letter to the ATO appointing a public officer
- A helpful instruction letter
We also provide blank registers (including option & debenture holders) as well as meeting and consent templates to help you keep your register up to date.
If you order our full service courier delivered product you will receive your documents bound in a Deluxe 55mm Black Binder which includes indexed tabs separating the documents and 2 copies of your constitution (1 bound and 1 hole punched)