what is a guarantee company 
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 clubs sports associations students unions and other membership organizations workers co operatives social enterprises and non governmental organizations ngos may also form guarantee companies typically a guarantee company does not distribute profits to its members nor divide its assets into shares members of a guarantee company pay a specific sum of money to participate this amount can vary by member as well as the size of the guarantee company and whether it is public or private guarantee companies can appoint directors who are allowed to take a salary or bonus earned to them in agreement with the company 