Welcome to BeerMoneyForum.com - BIGGEST MAKE MONEY FORUM ONLINE

[Blaka]

A Public Limited Company typically aims to make profits for shareholders. But in some places, any company including PLCcan choose a not for profit approach.

This means the company's rules must clearly say it won't share profits with shareholders. Even though Public Limited Company usually suggests a profit motive, legal rules differ. Changing a PLC to a not for profit may face legal challenges.

 

[IB DD]

A Public Limited Company by a unanimous vote by it's shareholders can decide to switch to a Community Interest Company. These kinds of companies don't have the motive of making profits to share to shareholders but their motive is to undertake social work. However, a CIC must generate enough to cover it's operational costs.

 

[Wisdom01]

I believe the Public Limited Company can be a not-for-profit organization. In this case, the company will not be formed with the purpose of making a profit, but rather for a specific charitable, social, religious, cultural or educational purpose.

 

[Dean1]

An association by guarantee that is public provides its members with limited liability protection, just like other limited companies do. Except in specific cases, like fraudulent trading, the members' personal assets are thus normally shielded from the obligations and liabilities of the company.