A private limited company is also known as the LTD Company. In a private LTD company the shares are limited with the number of the shareholders. The shareholders cannot trade the shares publicly here without the consent of the partners.
A Public Limited Company is a publicly known company. This is a limited company and the shares can be traded with the public. There should be at least 3 directors in this type of company.
Benefits of Public Limited Company
There are no boundations in trading the shares with the public unlike the Private Limited Company.
If compared to the Private Limited Company, the scope is much higher in a Public Limited Company. This is because in a Private Limited Company, there is limited number of people.
The investment or the capital of a public Limited company can be raised from the public.
The functioning of the Public Limited Company is much systemized and this helps in the growth of the Company