GCSE Business Studies Practice Questions - GCSE Business Studies Exam

What is the key difference between a private limited company (Ltd) and a public limited company (PLC)?

Only a PLC pays corporation tax A PLC can sell shares to the general public on the stock exchange A Ltd has unlimited liability while a PLC has limited liability Only a Ltd needs to register with Companies House

Correct Answer:

A PLC can sell shares to the general public on the stock exchange

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