It is possible to incorporate an Isle of Man company which combines the features of a company limited by shares and one limited by guarantee. Members consist of 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. A hybrid company can be used as a quasi-trust, since under Isle of Man company law, a company can do anything that an individual can do. The beneficiary member would typically be awarded a distribution at the discretion of the directors of the company.

The flexibility provided by this form of company structure has led to its increasing use as a 'Foundation', a popular alternative to the discretionary trust and for proprietary purposes.