answersLogoWhite

0

A public limited company is set up to make a company a legal person and therefore making the company liable for any loss or bankruptcy. i.e. if it goes bankrupt only the company will be chased and not those who run it.

A p.l.c. issues shares which are units of ownership and these are open for the general public. Each 3/4/5 years a board of directors is elected during the AGM - Annual General Meeting.

the biggest disadvantage of a p.l.c. is that if the company goes bankrupt all the shareholders will lose their money which they invested.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What are the aims and objectives of public limited company's?

As with any company, to supply goods or services at a profit.


What are the aims and objectives of franchise?

The aims and objectives of a franchise are to spread name recognition of the company's brand and to increase profits by expanding.


Why Businesses change their aims and objectives overtime?

The business environment changes everyday, in order for a company to keep in sync with the business environment they must set themselfs aims and objectives that need to be met. Once aims and objectives have been met, the company can then set new aims and objectives. Hope that answered your question.


What are the aims and objectives for the company Faith Shoes?

to be successful


What are the aims and objectives for the BBC?

To provide information and entertainment to the public.


What is the difference between public and private sectors aims and objectives?

private anf public


Aims and objectives of the oil company BP?

To pollute the environment................


What are the aims and objectives of innocent?

to create healhy products for the public and to make a profit :)


What are the aims and objectives of the police service?

To serve the british public, by arresting idiots!


What are the main aims for a public limited company?

The main aims of a public limited company (PLC) typically include maximizing shareholder value, ensuring sustainable growth, and maintaining financial stability. PLCs seek to generate profits and increase their stock price to attract and retain investors. Additionally, they focus on transparency and compliance with regulations to build trust with stakeholders and the public. Ultimately, a PLC aims to balance profitability with social responsibility and stakeholder interests.


Aims and objectives of samsung company?

Beat Apple


What are the aims and objectives of jjb sports?

to be the best on selling sports company in the UK