Similarities of public and private limited companies

A public limited company is a corporate association of at least two persons which is registered with the registrar of companies and owned by shareholders who have limited liability




The word public means that the general public are welcome to buy shares in the company

Similarities of public and private limited companies

  • Both private and public limited companies; Are registered with the registrar of companies
  • Can be formed by a minimum of two-person and have no maximum
  • Shareholders have limited liability
  • Have separate legal status
  • Are controlled by the board of directors
  • Capital is raised through a sales of shares




  • Are legally required to hold an annual general meeting
  • Are required to prepared the memorandum of association and article of association prior to registration
  • Are owned by shareholders who limited liabilities
  • Assured maximum continuity of existence