Implications/duties as members of company limited by gaurantee

C

Capaill

Registered User
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Hi Folks

I am in the process of setting up a non-profit organisation that will be a company limited by gaurantee. In order to do so I need a minimum of seven members. Can anyone please advise on what the roles of these members will be? What their obligations are? What exposure they will have (i.e. are they similar to directors)?

Thanks

C
 
a small point is that the liability of the members is restricted to a certain sum usually 2 euros or so which is stated in the memorandum and articles of associattion. the liability of members of a limited company is in effect the amount they paid for lthe shares.
 
And, while the members liability may be limited as in previous post, the directors duties & responsibilities are the same as any [broken link removed]under company law.
 
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