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The main difference between Ltd and PLC is their stake in shares for buying and selling. Ltd and PLC are two types of companies among which Ltd is a private company and PLC is a public limited company. They are entirely different from each other in terms of their ownership, working, governmental interference, etc.

Ltd signifies private limited company, these types of companies are part of the private sector, their owners are either sole traders or they have partnerships of two or more people.

Ltd companies cannot quote shares on the stock exchange, their shares are sold to their family members or close friends, or anyone they find trustworthy, that too only when shareholders agree to it.

As adding more partners would be a good and hassle-free option. It also limits the liability of the business.

Ltd company is a flexible structure wherein there can be more than one owner, employees can be employed according to the will of the owner, in this sector growth of individuals is more as compared to the public sector.

As Ltd companies are household businesses their fall does not affect the public, and their motive is just their profit from their business.

Another important position is of a director who is responsible for tax filing and all the administrative work, in general, he is an employee.

The Finances of a company are different from its owner. A company’s finance is used generally for the distribution of dividends among the shareholders and the director can take an amount from the company's finance for salaries and loans.

For setting up Ltd company there should be a name of the company, and an office address, moreover there should be one director and at least one shareholder, paperwork is equally important and thus an agreement should be made.

PLC stands for public limited company. As the name suggests PLC works under the government. These companies are considered to be part of the public sector.

PLC can quote these shares on the stock exchange. They are adherents of the government and work for the public, not for profit. The buying and selling of shares are done without the permission of the owner.

Working of PLC includes the offering of shares to the general public and those buyers will have liability to some extent, moreover they cannot be blamed for any loss incurred by the public.

An advantage of PLC over private companies is that the shares are offered to the public which further attracts individual investors, professional traders and through mutual funds, hedge funds as well.

They have more potential to grow than a private company. There are more legal procedures than private which can be seen as a disadvantage for people.

Ltd and PLC are totally different from each other. Their working and the structure of companies are different from each other.

An LTD company, has a private owner and shares aren't transferable. Its shareholders are private citizens and they are looking out for their own profits. A PLC company, on the other hand, can easily transfer shares and its shareholders are members of the general public. They also look out for public profits.