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 Start-up flow chart: The legal formats for a business.
4.Plc companies

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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.

For more information about Limited Companies visit the Companies House Web site:
Companies House

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