← Lessons 02-Business and Company Law Quiz 0 / 24 read Law of Contract Sole Traders Partnerships Limited Liability Partnerships — LLP Limited Companies Public Limited Company — PLC Private Limited Company Company Formation & Registration Certificate of Incorporation Private Company → Public Company Company Registers Company Accounts Share Capital Directors Company Secretary Auditors Annual General Meetings — AGM Proxies Company Reports People with Significant Control — PSC Winding Up / Liquidation Liquidator's Duties Bankruptcy ⭐ Key Exam Numbers to Remember Public Limited Company — PLC A PLC must have: At least 2 members. At least 2 directors. A qualified company secretary. A registered name ending in Public Limited Company (plc). A declaration that it is to be a PLC in its registration application. Minimum nominal share capital of £50,000. At least £50,000 of shares issued to satisfy the requirement described in the notes.