In:
- A public company limited by guarantee is a distinct legal entity from its owners, and is responsible for its own debts.
- The personal finances of the companyβs guarantors are protected. They will only be responsible for paying company debts up to the amount of their guarantees.
- The status of βLimitedβ will help to build the trust and confidence amongst clients and investors. This type of professional credibility is valuable and can help a company achieve its objectives more effectively.