Public limited liability companies are owned by__________?
Answer Details
Public limited liability companies (PLCs) are owned by private and individual organizations.
PLCs are a type of company that has been incorporated under the law and is authorized to issue shares to the public, allowing anyone to become a shareholder in the company by purchasing shares on a stock exchange. PLCs are therefore not owned by the government, but rather by private individuals and organizations who have bought shares in the company.
Shareholders of a PLC have limited liability, meaning that their liability for the company's debts and obligations is limited to the amount of their investment in the company. This makes investing in a PLC an attractive option for individuals and organizations looking to invest in a business venture while limiting their personal risk.
In summary, PLCs are owned by private individuals and organizations who have bought shares in the company, and not by the government.