Definition
A Public Limited Company (PLC) is a type of company whose shares are traded publicly on a stock exchange. PLCs can offer shares to the general public and have limited liability for their shareholders. They are subject to more stringent regulatory requirements and disclosure obligations compared to private companies. PLCs are often larger and more established companies with a broad shareholder base.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.