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Topic Content:
- Meaning of Public Limited Liability Company
- Characteristics of Public Limited Liability Company
A Public Limited Liability Company, or ‘PLC’ for short, is established by a particular group of people. The number of people in the group is usually a minimum of seven (7) and has no maximum.
Public Limited Liability Company has limited liability which lies in the value of money or funds each member has contributed to the business.
They can sell their shares to the public either privately, during an initial public offering, or through trading on the stock market, and dividends must be paid to members. The people that purchase shares or subscribe are called Shareholders.
Characteristics of Public Limited Liability Company:
A public limited company is very different from a private limited company; however, both are in business for profit-making.
The following are the various features of a PLC:
- The number of shareholders ranges
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