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UK Public Limited Company (PLC)

How to start a British limited company. Incorporation or formation of a company in the UK.

 

 

Public class society in the UK is pretty cheap, if you want a large company, if you are looking for investors or trading on a stock market.

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  • The shareholders and directors may be non-residents
  • You must have a minimum of two managers
  • All companies must appoint a secretary, who must have some minimum experience
  • The social capital is minimum £ 50,000, 25% of which shall be paid before the start of business
  • The company must have a registered office in the UK.

To have a PLC is required if the company wants to sell its shares to the public.

Advantages of a PLC

  • Offers a lot of security when selling shares to the public
  • The members have limited liability
  • Choice of one’s own name
  • Access to the field of venture capitalinvestors
  • A more branded public profile
  • Encourages and rewards employee commitment - handling share options systems
  • Increases the capacity of the company to make acquisitions - their shares can be used as currency
  • Improved status with customers and suppliers
  • A director may be a legal person and may be of any nationality.

Conversion of a company from “Ltd” to a “PLC”

A Limited Liability Company (LLC) can be converted into a Public Limited Company (PLC).