A public limited company (PLC) is a type of company that is publicly traded and whose shares may be freely sold and traded to the public. It is a limited liability company, meaning that the owners have limited liability for the companys debts and obligations. A PLC is required to have a minimum share capital of £50,000 and usually has the letters PLC after its name. Some key features of a public limited company include:
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Shares: A PLC offers shares to the public, which can be bought and sold on the stock market.
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Limited liability: The owners of a PLC have limited liability for the companys debts and obligations.
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Legal identity: A PLC has a separate legal identity from its owners, which offers protection from liabilities and debt.
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Financial reporting: Public limited companies must publish certain financial data and disclosures for the public at regular intervals.
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Listing on stock exchange: A PLC is listed on a stock exchange, which allows it to raise capital by issuing public shares.
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Board of directors: A PLC requires a board of directors to run its affairs.
Overall, a public limited company is a type of company that is publicly traded and whose shares can be bought and sold on the stock market. It offers limited liability to its owners and has a separate legal identity from them.
