A Public Limited Company (PLC) is a type of business organization that can sell shares to the public on a stock exchange. This allows the company to raise capital from a wide range of investors. PLCs are required to meet specific regulatory standards and disclose financial information to ensure transparency and protect shareholders. In a PLC, shareholders have limited liability, meaning they are only responsible for the company's debts up to the amount they invested. This structure encourages investment, as individuals can buy shares in companies like Apple or Tesla without risking their personal assets beyond their investment.