If you want to start a business that can grow and expand on a large scale, then registering your company as a Public Limited Company (PLC) could be the way to go. A PLC is a type of company allowed to offer its shares to the public, which means it can raise capital from many investors.
A Public Limited Company is a company with limited liability and is owned by shareholders. It is allowed to offer its shares to the public, which means it can raise capital from many investors. The shareholders of a PLC are not personally liable for the company's debts, and their liability is limited to the amount of money they have invested in the company.
- A public limited company is the highest corporate structure to start with. Public limited business structure is great for the long run but has more stringent regulatory requirements.
- Apart from all the advantages of a private limited company, Public limited company has the ability to have any number of members, ease in transfer of shareholding and more transparency.
- A public company is a company that has sold all or a portion of itself to the public through an initial public offering (IPO), meaning shareholders have a claim to part of the company's asset and profits.
If you plan to proceed for an IPO now or at a later stage.Plan to get high financial exposure to source capital from public as equity or debenture or deposit