PLC (Private limited company)
A Private Limited Company (PLC) is a business entity incorporated under the laws of a state or country. It is a limited liability company with fewer owners, often owned by individuals or other legal entities. PLCs are characterized by their independent management and limited transferability of ownership interests. They generally have greater access to capital than sole proprietorships and partnerships and are able to raise funds in the form of equity and debt securities. PLCs must comply with corporate governance regulations and may be subject to corporate taxation.