Public Limited Company (PLC)

In a Public limited company, the liability of the partners is only limited to the amount of money, if any, unpaid on shares held by the members. 
 
Companies seeking Stock Exchange listing or those wishing to come up with a befitting Business Expansion Scheme should formulate a Public Limited Company to achieve this purpose. In contrast to Private Limited Companies, the quantity of shareholders is unlimited and as such, PLCs usually have a lot of partners as a backup. The lowest possible number of directors in a Public Limited Company is two. Such a company’s mandate is to have not less than €25,000 in capital equivalent to the shareholders’ monetary investment. These types of entities have a distinct characteristic – the suffix ‘Public Limited Company’ or ‘PLC’ at the end of the company’s title.