Separate Legal Entity: A public limited company is an independent legal entity, separate from its owners and shareholders.

Limited Liability: Shareholders have limited liability, meaning they are only liable up to the amount of their investment in the company.

Minimum Capital Requirement: Public limited companies require a minimum paid-up capital, often set by government regulations.

Shareholders: Ownership is divided into shares, which are held by multiple shareholders who can trade them on a public stock exchange.

Transferability of Shares: Shares of a public limited company can be freely transferred or sold on the open market.

Listing on Stock Exchange: PLCs are often listed on a stock exchange, allowing the public to buy and sell their shares.

Increased Transparency: PLCs must maintain high transparency in their operations and finances, publishing financial statements regularly.

Board of Directors: The company is managed by a board of directors, elected by shareholders.

Shareholder Meetings: PLCs must hold annual general meetings (AGMs) for shareholders to vote on important matters.

Corporate Governance: A PLC must follow strict corporate governance rules, promoting ethical practices and accountability.

Dividends: Profits are distributed to shareholders in the form of dividends, typically based on the company's profitability.

Perpetual Existence: The company continues to exist even if its shareholders or directors change or leave.

Regulatory Compliance: PLCs must adhere to complex legal and regulatory standards, such as those from securities and exchange commissions.

Access to Capital: Being listed on a stock exchange allows PLCs easier access to capital from the public.

Enhanced Brand Image: Being public can enhance the company’s credibility and brand image, attracting investors and customers.

Eligibility for Mergers and Acquisitions: PLCs can easily merge with or acquire other companies, facilitating growth and expansion strategies.