There are two guild types one can join or make: a Navy Guild or a Pirate Guild. Both have their benefits and obviously oppose each other. To create a guild the player must have one hundred thousand gold pieces, reached lvl 40, and have obtained the Stone of Oath item. It is most resonable to join a guild only after lvl 40 because most people don't want newbies (low lvl characters) on their guild as this will be disadvantageous during a guild war.
After joining or making a guild, you can participate in guild wars. Guilds bid to fight each other and reap the benefits of being able to buy from special NPC's as well as other benefits, such as status.
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