A Public Limited Company (PLC) is a company limited by shares that is permitted to raise capital subject to certain conditions by public offer. This is a required format for listing on the Stock Exchange but is subject to rigorous disclosure requirements with none of the exemptions available to private companies. A minimum of two directors are required for this type of company and a qualified company secretary.
Similar to a private limited company except the shareholders have unlimited liability.
The format used by not for profit companies, the company has no shareholders but members who guarantee to pay a fixed sum in the event of winding up the company.
A form of company limited by guarantee with articles specifically drafted to be acceptable to the Charity Commissioners. Once registered as a company, an application can be made for registration as a charity.
To own the freehold of and manage a residential/industrial development – limited by shares
To own the freehold of and manage a residential/industrial development but the company has no shareholders but members who guarantee to pay a fixed sum in the event of winding up the company.
Enables leaseholders of flats to control the management of their building
A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence.
A ready made (or off the shelf) company is one that has already been formed at Companies House; a registered company with a company number available for immediate use.
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