A Public Limited Company (PLC) is a business structure that offers limited liability to its shareholders while allowing for public ownership and the ability to raise funds through stock offerings. PLCs are governed by strict regulatory frameworks and require a minimum of three directors and seven shareholders. They enjoy the benefits of separate legal identity, perpetual succession, and ease of raising capital from the public by listing shares on a stock exchange. PLCs are ideal for businesses seeking to expand and scale operations on a larger scale, as they offer increased credibility and transparency, attracting more investors. This structure also enhances the company’s growth potential through greater access to resources and funding.