Public Limited Company
A public limited company is quite simply a limited company which is allowed to offer shares for sale to the public. This means that it can derive extra funds where it needs them by selling more shares and diluting ownership.
Before a public limited company can begin trading it must show that it has issued at least £50,000 worth of shares. Registration of a public limited company also requires a minimum of 2 directors but otherwise is carried out in much the same way as any other Limited Company Formation.
Registering as this sort of Company allows the owners to include the words "Plc" or "public limited company" in its name.