Public Limited Company

From Traveller Wiki - Science-Fiction Adventure in the Far future
Jump to navigation Jump to search

A Public Limited Company (abbreviated as 'PLC) is a Business Charter, originally from a Terran form of corporation, and still broadly recognized within the Solomani Sphere.

A public limited company is an organization whose securities are traded on a stock exchange and can be bought and sold by anyone, subject to conditions of limited liability (the organization is a separate legal entity from its owners and shareholders and shields them from personal liability). Public companies are strictly regulated and are required by law to publish their complete and true financial position so that investors can determine the real worth of their stock.

References & Contributors (Sources)[edit]

This list of sources was used by the Traveller Wiki Editorial Team and individual contributors to compose this article. Copyrighted material is used under license from Far Future Enterprises or by permission of the author. The page history lists all of the contributions.