PLC (Public Limited Company)

A Public Limited Company (PLC) is a type of business organization that can sell its shares to the public on a stock exchange. This means anyone can buy a part of the company, making it easier for the PLC to raise capital for growth and operations. PLCs must meet specific legal requirements, such as regular financial reporting and governance standards, to ensure transparency for shareholders. Shareholders in a PLC can typically buy or sell their shares freely, which provides liquidity but also exposes the company to market fluctuations. Examples include large corporations like BT Group or Tesco in the UK.