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definition:
A public limited company is a limited company, which shares can be bought and sold by the public.

Characteristics:
-minimum share capital: L 50000
-minimum share price: 1

control:
-annual general meetings (AGMs)
-board of directors
-chairperson
-chief executive

advantages:
-large amount of capital can be raised
-limited liability
-shares are transferable

disadvantages
-chairperson wants to give a low dividend to use more for investments, but shareholders want a high dividend
-annual balance sheet must be checked and publicised
-big companies --> not so flexible and very bureaucratic
-limited control for the shareholders