- published: 29 Apr 2014
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A public limited company (legally abbreviated to plc) is a type of public company (publicly held company) under United Kingdom company law, some Commonwealth jurisdictions, and the Republic of Ireland. It is a limited (liability) company whose shares may be freely sold and traded to the public (although a plc may also be privately held, often by another plc), with a minimum share capital of £50,000 and the letters PLC after its name. Similar companies in the United States are called publicly traded companies.
A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with ccc, an abbreviation for cwmni cyfyngedig cyhoeddus. However, some public limited companies (mostly nationalised concerns) incorporated under special legislation are exempted from bearing any of the identifying suffixes. The term "public limited company" and the "PLC"/"plc" suffix were introduced in 1974; prior to this, all limited companies bore the suffix "Limited" ("Ltd"), which is still used by private limited companies.
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. The former may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.
Limited companies can be found in most of the countries, although the detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the plc type (for example, the German Aktiengesellschaft (AG), British PLC, Czech a.s., Italian S.p.A. and the Spanish, French, Polish and Romanian S.A.), and the "private" types of company (such as the German GmbH, British Ltd, Polish sp. z o.o., the Czech s.r.o., the Italian s.r.l. and Slovak s.r.o.)
A private company limited by shares, usually called a private limited company (Ltd.) (though this can theoretically also refer to a private company limited by guarantee), is the private limited type of company incorporated under the laws of England and Wales, Scotland, that of certain Commonwealth countries and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company (plc).
"Limited by shares" means that the company has shareholders, and that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thereby protected in the event of the company's insolvency, but money invested in the company will be lost.
A limited company may be "private" or "public". A private limited company's disclosure requirements are lighter, but for this reason its shares may not be offered to the general public (and therefore cannot be traded on a public stock exchange). This is the major distinguishing feature between a private limited company and a public limited company. Most companies, particularly small companies, are private.
Limited may refer to:
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The public limited company (AG or PLC) is the most popular and widespread legal form inSwitzerland. However, not only the spread of this respective legal form is the highest, but also its reputation. For the formation of a public limited company a minimum share capital of CHF 100.000.- is required. Thereof 20 %, but at least CHF 50.000.- must be paid in or secured by tangible assets at the point of formation. The advantages of the PLC are no personal liability, shareholders are able to buy and sell their shares and the PLC gives a company a more prestigious profile. The disadvantages are greater public scrutiny of the company's financial performance and financial markets will govern the value of the company.
Advantages and disadvantages between the two. Sorry I'm sick. I'm sad too *sigh*
This video will cover the features of a public limited company, the advantages and disadvantages. SUBSCRIBE FOR MORE VIDEOS LIKE THIS: http://goo.gl/Xx9uAd LET'S CONNECT! Facebook: https://www.facebook.com/imdad.ahad Twitter: https://twitter.com/imdadahad
Short revision video on the similarities and differences between Public and Private Limited companies. GCSE Business Studies.
Follow the Complete Formations step by step guide on how to register a new public limited company. The online system at http://www.completeformations.co.uk provide 4 incorporation packages, each of which can be used to form a PLC in just a few hours.
Brief explanation of the key points
A PLC is a public limited company, and this refers to a company that is publicly quoted on the stock market. Learn about the publishing of annual audited figures by a PLC with help from a management teacher in this free video on business management and public limited companies. Expert: Mark Clifton Bio: Mark Clifton has an degree in marketing management from Oxford Brookes University, and has successfully completed the CELTA teacher training program of Cambridge University. Filmmaker: Paul Volniansky
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Krung Thai Bank Public Company Limited Mr. Vorapak Tanyawong, President Ms. Praralee Ratanaprasartporn, First Executive Vice President - Managing Director Retail Shared Services Group
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