On liquidation of a public limited liability company, the residual owners are the

When a public limited liability company is liquidated, the residual owners are the ordinary shareholders. Ordinary shareholders are the owners of the company who have purchased shares in the company, which represents a part ownership of the business. They are also known as equity shareholders because they have equity in the company. In the event of a liquidation, ordinary shareholders are the last in line to be paid, after all of the company's debts and obligations have been settled. This means that if there is any money left over after all the debts have been paid, it will be distributed to the ordinary shareholders. However, if there are no funds left over, the shareholders will not receive any payment. In summary, the residual owners of a public limited liability company on liquidation are the ordinary shareholders, who are the owners of the company and have equity in it. They are the last to be paid after all debts and obligations have been settled.