In brief.
This is basically the same as a private
limited company, in that there is limited liability. However
there are some important differences to be aware of...
The difference between public and private limited companies.
The key difference between public and private
companies is that a public company may offer to sell its
shares to the public.
Before it can start in business or borrow money, a public company
must satisfy Companies House that at least £50,000 worth
of shares have been issued and that each share has been paid up
to at least a quarter of its face value. It will then receive
an authorization to commence business and borrow.
For a fuller explanation form a Public Limited Company contact
'Companies House'.
An specialist accountant will be happy to give advice on these
matters.
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