Companies Limited By Guarantee And Having A Share Capital ("Hybrid Company / Manx Foundation")
A hybrid company is a company limited by guarantee and which has a share capital, possibly used as an alternative to a trust. Members consist of both shareholders and guarantee members, i.e. those whose liability is limited to the amount unpaid on shares which they hold, and those whose liability is limited to the amount they have agreed to contribute to the company's assets if it is wound up.
The flexibility provided by this form of company structure has led to its use as a 'Foundation' or a quasi-trust structure which have different people as the shareholders and the guarantee members (shareholders as settlors and guarantee members as beneficiaries).