A public limited company (PLC) is a type of company that is publicly traded and whose shares may be freely sold and traded to the public. It is a limited liability company, meaning that the owners have limited liability for the companys debts and obligations. A PLC is required to have a minimum share capital of £50,000 and usually has the letters PLC after its name. Some key features of a public limited company include:

• Shares: A PLC offers shares to the public, which can be bought and sold on the stock market.

• Limited liability: The owners of a PLC have limited liability for the companys debts and obligations.

• Legal identity: A PLC has a separate legal identity from its owners, which offers protection from liabilities and debt.

• Financial reporting: Public limited companies must publish certain financial data and disclosures for the public at regular intervals.

• Listing on stock exchange: A PLC is listed on a stock exchange, which allows it to raise capital by issuing public shares.

• Board of directors: A PLC requires a board of directors to run its affairs.

Overall, a public limited company is a type of company that is publicly traded and whose shares can be bought and sold on the stock market. It offers limited liability to its owners and has a separate legal identity from them.