A corporate company that is listed on a stock market and provides shares to the public is referred to as a Public Limited Company (PLC). Many shareholders share ownership of a PLC, and its shares are freely exchanged on the open market. PLCs can raise significant amounts of cash from the public by issuing shares since they often have a greater capital base. These businesses must adhere to strict corporate governance guidelines and strict legal obligations. Shareholders' liability is capped at the value of their shares. PLCs are appropriate for large businesses that wish to enter public financial markets and have substantial capital needs.
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