A guild is an association of artisans or merchants who oversee the practice of their craft/trade in a particular area. The earliest types of guild formed as a confraternities of tradesmen. They were organized in a manner something between a professional association, a trade union, a cartel, and a secret society.
Joining a Guild Requires the full guild name and password both of which are CaSe SeNsItIvE. Guilds have a private chat that only other guild members can see as well as access to a guild only forum.
Guilds can build 1 Compound per island which costs 50,000 Solars. At first a Compound has 3 Building slots and so far only Store houses can be built but other buildings are planned later.
A Store House will cost 2500 Lumber 2500 Stone Blocks 500 Nails and 500 Roof Tiles you are granted 2 Construction XP per material added so if you add everything your self you will get 12,000 XP
Guilds also have access to a Bank where members can deposit and withdraw Solars By default every member can deposit Solars but only those Given permission can remove them.
Guild leaders can create ranks and give those ranks certain permissions the permissions are
Act as Admin - this gives the rank the same rights as being guild leader
Manage Stock - can approve Store House item requests
Take Stock - can remove items from the Store House
Add Stock - can add items to the Store House
Can Kick - can evict members from the Guild
Bank Access - can withdraw Solars from the bank
a rank can have all or none of these as desired once the rank is created it can then be assigned to a member via the members list.
Thats pretty much all we know about guilds so far. please update if you have any new info to add.