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What are the implications for a Ltd that is thinking of going 'Public'?
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What are the implications for a Ltd that is thinking of going 'Public'? Incorporated business units are divided into public limited companies (PLC) and private limited companies. They share similarities but differ in a number of ways. Due to numerous reasons many private limited companies have been made into PLC's, like Quice Food Ltd and World Call Ltd. PLC's have limited liability like most private limited companies. This means that the shareholders are only liable for the full amount of the share capital they invested, and a shareholder who has fully paid up his share will not be called upon to settle the debts of the company. A PLC is a seperate legal entity from its sharehodlers, it can have a more permanent existence. There is continuity in business even though there may be changes in the ownership of the companies. There are more legal restirctions governing in the formation and...
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