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I want a GPFR prepared
How do I disclose the members guarantee for company limited by guarantee?
We used to have fields, but sometimes its easier to use a text block
We tried report fields but it was not as easy as this process:
1 - Go to the Notes to FS / click edit layout
2 - Insert a text block.
3 - Copy the below and change the BOLD sections.
4 - Done
Legal Name is incorporated under the Corporations Act 2001 and is a company limited by guarantee.
If the company is wound up, the constitution states that each member is required to contribute a maximum of $X towards meeting any outstanding obligations of the entity.
At 30 June 20XX the number of members was XXX