Choosing to structure a business as a Public Limited Company (PLC) offers several advantages, making it an attractive option for many businesses, especially those seeking growth and expansion.
1. 7 Shareholders
2. No Maximum Limit for Shareholders
3. 3 to 15 Directors
4. A Resident Indian Director
5. A Unique Name
6. A Registered Office
7. Adequate Capital
1. Access to Capital: PLCs can raise substantial capital by issuing shares to the public. This access to a broader investor base can be crucial for funding expansion, research and development, and other major business initiatives.
2. Limited Liability: Shareholders of a PLC have limited liability, meaning they are only liable for the company's debts up to the amount they have invested in shares. This protects shareholders' personal assets from business liabilities.
3. Enhanced Credibility and Public Image: Being a publicly listed company can enhance a business's credibility and public profile. It can lead to greater trust among customers, suppliers, and partners, potentially leading to better business opportunities and terms.
4. Ability to Acquire Other Companies: With access to significant capital and shares as currency, PLCs are well-positioned to acquire other companies, facilitating growth and diversification.