The difference between Ltd and Plc

Difference between limited liability company (ltd): shares are often restricted to the owners of the company since they are unquoted and are not open to the public. Their ownership is only limited to a few private individuals, who would have put equity contribution together, either in money or asset for the purpose of setting-up a company. In public limited liability company(plc): companies are mandated to get quoted when they have reached some level of turnover. They can come into the stock market through the new issue market-initial public offer(IPO). Companies that are listed to do business on the floor of stock exchange eg NSE, NYSE etc are called quoted companies because their shares are open to the general public for transaction.