A private limited company or famously known as LTD is a privately held company. This implies that the business limits owner liability to its shares and limits number of shareholders to 50. It also restricts shareholders from trading shares publicly.

A Public Limited Company, legally known as PLC, is a publicly held company. It is a limited company whose shares can be traded with the public. PLC can be listed or not listed in the stock exchanges. PLC requires a minimum of 3 Directors as a prerequisite.

Advantages of Public Limited Company

There is no restriction in the transferability of shares as it is open to public.

The scope for a PLC is vast in comparison to limited number of people for a Private Limited Company.

Capital for PLC can be raised from the general public, giving it more opportunity for growth and success.

Systemized functioning will help in building the business and good team work