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The difference between LTD and PLC?

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The difference between LTD and PLC?

Postby clarance » Thu Mar 21, 2013 10:12 am

as in form of the company?
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The difference between LTD and PLC?

Postby yissachar » Thu Mar 21, 2013 10:17 am

In England. A Limited company has limited liability, must have at least 2 shareholders and at least 2 officers, only one of whom has to be a director because the other can be Company Secretary. The Authorised share capital can be as little as 100 pounds.

When forming (or creating) a PLC there must be:

at least £50,000-worth (Republic of Ireland: €38,092.14) of share capital of which at least 25% must have been paid for.
two shareholders
two directors, one of whom may also be the company secretary
a certificate of entitlement (the trading certificate) to do business and borrow capital
While it is not compulsory for a PLC to "float" its shares (some PLCs retain ownership of all their shares, maintaining the PLC designation for the extra financial status), many do so, and their shares are usually traded on either the London Stock Exchange or the Alternative Investments Market (AIM). Irish public limited companies usually trade on the Irish Stock Exchange, though many also list on the LSE, or more rarely, the AIM.
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The difference between LTD and PLC?

Postby hrypanleah24 » Thu Mar 21, 2013 10:40 am

Ltd = limited, only certain people can buy shares in this
plc = public, anyone can buy shares in this. These are companies that are floated on stock exhcanges, e.g microsoft, tesco, etc
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