Private Limited Company (PLC)

A Private Limited Company (PLC) is a type of business structured to protect its owners’ personal assets. The company is a separate legal entity, meaning it can own property, enter contracts, and be sued independently of its owners. Ownership is divided into shares, held privately by a limited number of shareholders who are not allowed to sell shares to the public. This structure offers limited liability, meaning shareholders’ losses are limited to their investment. PLCs are common for small to medium-sized businesses seeking to grow while protecting their owners’ personal finances.