Limited Liability: Like other corporate structures, a PLC offers limited liability to its shareholders. This means that the personal assets of shareholders are generally protected, and their liability is limited to the extent of their shareholding in the company.

Share Capital: PLCs must have a significant amount of share capital, which is divided into shares that can be publicly traded. The capital is typically raised through an initial public offering (IPO), where shares are sold to investors in exchange for capital.

Public Offering: A distinguishing feature of a PLC is that its shares are publicly offered and listed on a stock exchange, making them available for purchase by the general public. This allows the company to raise substantial capital from a large number of shareholders.

Regulatory Compliance: PLCs are subject to stringent regulatory requirements and corporate governance standards. These regulations are designed to protect the interests of shareholders and the general public.

Financial Transparency: PLCs are required to disclose their financial information, including financial statements, annual reports, and other relevant information, to the public and regulatory authorities. This transparency helps investors make informed decisions.

Board of Directors: PLCs have a board of directors responsible for overseeing the company's operations and making strategic decisions. The board is elected by shareholders and includes executive and non-executive directors.

Shareholder Rights: Shareholders of PLCs have certain rights, including the right to vote at general meetings, the right to receive dividends, and the right to participate in the company's decision-making process.

Transferability of Shares: One of the advantages of a PLC is the ease with which shares can be bought and sold on the stock exchange. Shareholders can sell their shares to other investors without the need for approval from the company.

Corporate Governance: PLCs often have more elaborate corporate governance structures, including committees such as audit committees, remuneration committees, and nomination committees, to ensure proper oversight and accountability.

Market Capitalization: The value of a PLC is often measured by its market capitalization, which is the total value of its outstanding shares multiplied by the current market price of those shares. This metric is used to compare companies and assess their relative size in the market.

Dividends and Profit Distribution: PLCs may distribute profits to shareholders in the form of dividends, which are typically paid out of the company's earnings.