Public Limited Companies are those companies where minimum number of members is Seven and minimum number of Directors is Three and there is no cap on the maximum number of members. A public limited company has all the advantages & characteristics of private limited company and the ability to have any number of members, ease in transfer of shareholding and more transparency. Identifying marks of a public limited company are name, number of members, shares, formation, management, directors and meetings, etc. The biggest advantage of forming a public limited company (PLC) is the ability to raise capital by issuing public shares. Selling shares to the public means anyone can invest in the company, meaning more capital can be infused than as a private limited company. Being listed on an exchange can also attract interest and investment from hedge funds, mutual funds, and other traders.