Public limited companies, often referred to as PLCs, have several key characteristics that distinguish them from other types of companies. Let's break down what public limited companies can have:

• Shares that are publicly traded: Public limited companies can issue shares that are available for purchase by the general public on stock exchanges. This means that anyone can buy shares, making it easier for the company to raise capital.
• Limited liability: The shareholders of a PLC have limited liability, meaning they are only responsible for the company's debts up to the amount they invested in shares. Their personal assets are protected in case the company faces financial difficulties.
• Regulatory requirements: Public limited companies must adhere to strict regulatory requirements, including regular financial reporting and disclosures to ensure transparency for investors and the public.
• Board of directors: PLCs are typically managed by a board of directors, which is elected by the shareholders. This board is responsible for making important decisions regarding the company's operations and strategy.
• Greater access to capital: By being publicly traded, these companies can raise substantial amounts of capital through the sale of shares, which can be used for expansion, research and development, or other business activities.
• Market valuation: The value of a public limited company is determined by the stock market, which can fluctuate based on investor perceptions, overall market conditions, and company performance.

In summary, public limited companies can have publicly traded shares, limited liability for shareholders, regulatory obligations, a board of directors for management, greater access to capital, and a market-driven valuation. Understanding these aspects is crucial for anyone studying business law or corporate governance.