Another statement of the distinction between public and private companies in the GB. One of the distinction between these two types of companies are, that the name of the companies have different endings. Therefore the public companies ends with PLC and on the other hand the private companies are ending with Ltd. Also a PLC must be stated in the memorandum of association. And they need different minimum of members. A PLC takes two and a Ltd needs only one member. A Ltd doesn't need authorized capital but a PLC need a authorized capital of 50,000 pounds . Everybody can buy shares of a PLC. A Ltd can't advertise to invite public to subscribe. Also the accounting of these companies are different therefore a PLC , has strict requirements about the format of accounts and for a Ltd a simplified accounting is quite enough, because a Ltd are usually small and a PLC has a large size.My question is of it will be correct in that way in which I wrote it