A company limited by guarantee can distribute its profits to its members, if allowed to by its articles of association, but then it would not be eligible for charitable status. Like a private company limited by shares , a company limited by guarantee must include the suffix " Limited " in its name, except in circumstances specifically excluded ...

A privately held company or private company is a company which does not offer or trade its company stock to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately or over-the-counter.In the case of a close corporation, there are a relatively small number of shareholders or company members.