Public Limited Company (PLC)
What it is:
A public limited company is a company which offers equity shares with limited liability to public investors on a registered exchange.
How it works/Example:
More common in the U.K., public limited companies (PLC) offer shares of stock to any interested investor. Each share carries with it limited liability concerning the associated degree of possible loss. In most cases, losses are limited to the amount paid for the stock. In order to bear the PLC designation, a company must be legitimate and registered to trade on a stock exchange (e.g., FTSE or NYSE).