Public Limited Companies

HideShow resource information
Preview of Public Limited Companies

First 172 words of the document:

Public limited companies
The standard legal designation of a company which has offered shares to the
general public and has limited liability. A Public Limited Company's stock can be
acquired by anyone and holders are only limited to potentially lose the amount
paid for the shares. It is a legal form more commonly used in the U.K. Two or
more people are required to form such a company, assuming it has a lawful
purpose.
A limited company grants limited liability to its owners and management. Being
a public company allows a firm to sell shares to investors this is beneficial in
raising capital. Only Public Limited Companies may be listed on the London Stock
Exchange and will have the suffix PLC on their ticker symbol. For example, British
Petroleum has the ticker BP PLC.
Other requirements include: It must be registered as a public company; it must
have at least £50.000 or ¬65,000 of authorized share capital.

Comments

No comments have yet been made

Similar Business Studies resources:

See all Business Studies resources »See all resources »