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A public limited company, abbreviated as a PLC, is a business entity that provides its shares to the public or whose securities are traded in the stock market. Such companies get access to sufficient capital through the public issue of shares. A minimum of three directors, seven shareholders, and a registered office is required to include a public limited company in India. In a public limited company, members have to follow strict compliance compared to a private limited company. If you also want to start a public limited company, then you have landed on the right platform. This piece of information will give extensive knowledge about the process, eligibility, documents required for public limited company registration.

There are more than a dozen private limited companies, but every private limited company, at some point, wants to turn public in order to increase scalability. The question generally is, "Why to go public?" The answer lies in some specific differences that arise between private limited companies and public limited companies.

Starting a business is a journey filled with plans, decisions, and research. Right from finalizing the business idea to choosing the business entity, there are several options to choose from. Also, one of the most critical questions that you face while starting a new business is - How to select the correct business? The options include a sole proprietorship, partnership firm, limited liability partnership, company (public or private or one-person), etc. Further, with each option offering a unique set of pros and cons, decision-making is difficult. Hence, you must choose one that suits your business plan and helps grow your business with ease. In an earlier article, we spoke about factors that you need to consider before selecting a business entity with a focus on private limited companies. Today, we will talk about the pros and cons that each entity offers.