1. Ownership: A public limited company can have an unlimited number of shareholders, and its shares can be traded on a stock exchange.

Limited liability means that the shareholders of a company are only liable for the debts and liabilities of the company up to the amount of their investment. In both PLCs and Ltds, shareholders have limited liability, which helps to protect their personal assets from the company’s debts and liabilities.

Private limited and public limited Companies enjoys continuity, unlike partnerships and sole traders. That is, the business will continue even if one of it’s owners retire or die.

Private limited and public limited companies are incorporated where the shareholders have limited liability and have a separate legal identity from their business.

Private limited and public limited companies also enjoys continuity, unlike partnerships and sole traders. That is, the business will continue even if one of it’s owners retire or die.

Private limited companies are in private sector

Public sector companies are in Public sector

Both public limited and private limited companies are in private sector

Both public limited and private limited companies are in public sector