There is continuity after the death of a member. Public Company registration is a complex procedure as it requires proper documentation. There are many public limited liability company advantages and disadvantages that you should be aware of before forming your public limited liability company (PLC). Secondly, it means that those who invest in the firm are protected from extreme loss if the company fails. Advantages of a company include that: liability for shareholders is limited; it's easy to transfer ownership by selling shares to another party; shareholders (often family members) can be employed by the company; the company can trade anywhere in Australia Public limited companies (PLCs) are similar to private limited companies, in the sense that they are legally distinct entities with their own assets, profits and liabilities. This is also known as a divorce of control. Distribution of powers; The shares of a public limited company can be bought by anyone, thereby increasing the number of members. The working of the Public Company is subject to more strict compliances of the provision of the Companies Act 2013. A Public Limited Company (PLC) means, first, that the firm is parceled out into shares and sold "publicly" on any or all the globe's stock exchanges. This type of business structure is a limited company that is formed in the United Kingdom (UK). Limited liability: The liability of a public company is limited. This distributes the powers to more and more people which may lead to … PLC enjoys huge benefits like limited liability, … In order to be eligible to run as a public company, it should obtain another document called a trading certificate. Can raise more capital when compared to private limited companies; Have limited liability which means they cannot lose private assets in settlement of company debts. They are separate legal entities. Disadvantages of a Limited Company. More capital can be raised since there is no limited … Disadvantages of being a Public Limited Company. Limited Liability. Shareholders have limited liability. The PLC, also known as a publicly held company, can issue shares to the public. Shares can be freely transferred on the stock exchange. Shareholders may have other plans to maximise profits over social and ethical goals. Membership is open to the public since shares are sold and bought on the Zimbabwe Stock Exchange. Public Limited Companies have several advantages and disadvantages; Advantages. Advantages. Enjoy economies of scale. This is called "limited liability." Members: In order for a company to be public , it should have a minimum of 7 members (maximum unlimited). Each ownership type has its own advantages and disadvantages and a business should choose the one that best suits its needs. Advantages of a Public Limited Company. ... it may choose to become a public limited company (PLC). 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