Explain the meaning of Guarantee Company? State the similarities and dissimilarities between a ‘Guarantee Company’ and ‘Company Limited by Shares’.
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A guarantee company is a type of corporation designed to protect members from liability. Guarantee companies often form when non-profit organizations wish to attain corporate status.
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Answer:
a guarantee company is a type of corporation designed to protect members from liabailty. guarantee companies often from non profit organization wish to attain corporation status.
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