Key Characteristics:
1. Limited Liability by Guarantee: Companies Limited by Guarantee (CLG) are companies where members do not own shares but agree to contribute a specified amount (guarantee) in the event of the company’s liquidation. The guarantee amount is outlined in the company’s governing documents and is typically small. This structure is most often used by organizations that do not seek to make a profit.
Key Characteristics:
1. Limited Liability: In a Private Company Limited by Shares (LTD), shareholders are only liable for the amount they have invested in the company’s shares. This means that personal assets of the shareholders are protected, and they cannot lose more than their investment, even if the company faces financial difficulties.
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, and they’ve exceeded our expectations. Their audit process is thorough, giving us confidence in ourfinancial statements
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, and their expertise has been invaluable. The audit team is meticulous and ensures that our financial records are always accurate and compliant with regulations. Their airline leasing services are equally impressive, with ADS providing clear guidance throughout the entire process. We’re grateful for their ongoing support."Airline Leasing
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