Private Limited Company (Ltd), Shares are usually sold to family and friends., Has Ltd after its name., Can only be taken over with consent of existing shareholders., Often a family owned company., Public Limited Company (plc), Shares sold on the stock market., Can be taken over without the consent of original shareholders., Both, Financial information is available to the public., Shareholders have limited liability., Dividends paid to shareholders., Can have any number of shareholders.

1.3 Ltd or plc?

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