The PLC, also known as a publicly held company, can issue shares to the public. A Public Limited Company (PLC) means, first, that the firm is parceled out into shares and sold "publicly" on any or all the globe's stock exchanges. Public Company registration is a complex procedure as it requires proper documentation. Meanwhile many companies limited by shares are formed as private companies, you may get to know through this article about the advantages and disadvantages of a public limited company. Shareholders may have other plans to maximise profits over social and ethical goals. Advantages of a company include that: liability for shareholders is limited; it's easy to transfer ownership by selling shares to another party; shareholders (often family members) can be employed by the company; the company can trade anywhere in Australia Public companies must also comply with the rules of the Australian Stock Exchange. Each ownership type has its own advantages and disadvantages and a business should choose the one that best suits its needs. More capital can be raised since there is no limited … Limited Liability. However, shares in a public company can be freely sold and traded to the general public and their shares can be listed on a stock exchange. There could be a possible loss of control, as people may find that shareholders own over 50% of the shares, entitling them to the ownership of the business. Disadvantages of a Limited Company. This is called "limited liability." Members: In order for a company to be public , it should have a minimum of 7 members (maximum unlimited). Advantages of Public Limited Company Registration . This distributes the powers to more and more people which may lead to … Membership is open to the public since shares are sold and bought on the Zimbabwe Stock Exchange. PLC enjoys huge benefits like limited liability, … Secondly, it means that those who invest in the firm are protected from extreme loss if the company fails. Limited liability: The liability of a public company is limited. The working of the Public Company is subject to more strict compliances of the provision of the Companies Act 2013. Public Limited Companies have several advantages and disadvantages; Advantages. Can raise more capital when compared to private limited companies; Have limited liability which means they cannot lose private assets in settlement of company debts. This type of business structure is a limited company that is formed in the United Kingdom (UK). In order to be eligible to run as a public company, it should obtain another document called a trading certificate. Shares can be freely transferred on the stock exchange. Enjoy economies of scale. There is continuity after the death of a member. Advantages. ... it may choose to become a public limited company (PLC). 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