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Describe the main features of your plc as a form of ownership. Shareholders own a PLC (Public Limited Company). By this I mean the people with an investment
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- Words:
- 414
- Submitted:
- Mon Jan 16 2006
... SECTION B) DESCRIBE THE MAIN FEATURES OF YOUR PLC AS A FORM OF OWNERSHIP. Shareholders own a PLC (Public Limited Company). By this I mean the people with an investment in the PLC own it. For Example you can buy shares in J Sainsbury's plc, via the stock market. However the shareholder that has a larger percentage of shares than all other shareholders put together i.e. 51%, has 51% of the vote if there is a vote, he/she has the most power. The Capital needed to start a Public Limited Company could come from 2 different places. By this I mean that some of the money comes from a loan from the bank, and the rest comes from shares sold to the public, via the stock market. For Example 28% of J Sainsbury plc's Share Capital came from Lord Sainsbury. However £50,000 is needed to start a PLC. Limited Liability means that you
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