A Company Limited by Guarantee is a type of business structure that does not issue shares and does not have shareholders. Instead, it has members who act as guarantors and are responsible for the company’s debts only up to a specified amount, usually a nominal sum like $1. This model is often used for non-profit organizations, community groups, and other entities that do not intend to make a profit but aim to support a social, educational, or community purpose. In the context of Jamaica, a Company Limited by Guarantee is ideal for real estate projects or housing associations that focus on providing affordable housing or managing community properties where profits are not the primary goal. It allows a group of people to come together legally to manage property, fund community projects, or invest in shared real estate developments while protecting members from personal liability beyond their agreed guarantee. Globally, this type of company is used in sectors ranging from charitable organizations to property management and cooperative housing, providing a framework for collective ownership and management. By forming a Company Limited by Guarantee, groups can establish governance structures, access funding, and operate with legal protection, making it a practical choice for real estate projects aimed at community benefit rather than profit.