Public limited corporations are probably the best option for medium and smaller businesses looking to raise equity capital from the general public since they have all the rights of a corporate organisation with limited liabilities.
A Public Limited Company is registered in accordance with the requirements of the Companies Act of 2013. A public business benefits from limited member liabilities and has the option to sell shares to raise more money. It has stricter laws and restrictions than a Private Limited Company and can be incorporated with as few as three directors.
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