Public Limited Company (plc)

1. They state the company's details, responsibilities of directors and shareholders' rights

1. Huge amounts off finance can be raised
2. Plc's often dominate their markets
3. Easy to borrow money from lenders due to their larger size

1. Set up costs of company may be high
2. Must abide by the Companies Act
3. No control over who buys shares
4. Must publish annual accounts

Attachments:

• Sources of finance

1. Profits from previous years
2. Bank Loan
3. Selling shares to public
4. Bank Overdraft
5. Issuing Debentures
6. Government Grants
7. Debt Factoring
8. Trade Credit

1. Maximise profits
2. Expand output
3. Grow
4. Higher sales revenue than previous
5. Dominate their market
6. Have a strong image