Unlike a private limited company, a public company can trade its shares on stock exchange markets and belong 100% to individuals. Therefore, if a PLC does not succeed, shareholders will be liable for its debts only with the value of shares they paid and not nominal value like in a limited company.
Share capital of an active public company must not be less than £50,000 where at least 25% is paid. Unlike Ltd, a PLC must have at least 2 shareholders and 2 directors one of whom must be an individual over 16. Both shareholders and hired personnel can serve as company directors.