What is a Public Limited Company? Definition or Meaning

A Public Limited Company or PLC is one that offers shares for the general public to buy and has limited liability. The company’s stock is available for anyone to acquire through the stock exchange, privately or during an initial public offering. However, not all PLCs are listed on the stock exchange. Usually, if the company has more than fifty non-employee shareholders, Australian law requires the business to be a PLC.

For example…

In Australia, a PLC can be a publicly listed company meaning, they allow the public to buy shares through a stock exchange or they can be unlisted but still allow investors to buy shares privately. Charities, government departments and many mum and dad businesses who have more than fifty non-employee shareholders are examples of PLCs.