Ltd (Limited Company)
- Organised Power system within a company, (Often initially Family run) with a small amount of shareholders.
- Limited Liability. e.g, if the company goes bust, it's value in assets is sold in order to pay off debts, if there's any left over nobody is liable, and therefor no one is in trouble.
- Generally bigger in size than a self employed company and it is also easier for LTD's to access money from the bank because they are seen as a better risk for the very reason of being a bigger company.
PLC (Public Limited Company)
- Almost the "next step up" from an LTD, Big company, for example, Coke-a-Cola.
- Could be millions of shareholders within the company.
- Have Organisations dotted around the planet, on a somewhat larger scale to an LTD.
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