Corporate Affairs Commission …
Company Limited By …
I'd like to know whether a company limited by guarantee can be run as a for-profit venture and whether it's members or guarantors can share in the profit.
Answered 1 year, 6 months ago
A company limited by guarrantee is generally free to run a for-profit business and share profits to its members save to the extent provided by Memo and Articles or decipherable from the object/aims of the establishment.