What is a primary requirement for a public limited company?

A primary requirement for a public limited company is that it must have a minimum number of shareholders. Specifically, a public limited company is required to have at least two shareholders to ensure there is a level of interest and investment from the public, which is essential for a company that seeks to sell its shares openly on the stock market. This feature supports the principle of shared ownership and accountability, which is fundamental to public companies that raise capital through stock offerings.

The option regarding a private limited company having only one shareholder refers to a different type of business structure altogether. The assertion that a public limited company cannot issue shares contradicts its very purpose, as the ability to issue shares to the public is a defining characteristic of such companies. Lastly, while there are capital requirements for different types of companies, the mention of a private limited company needing to issue shares worth at least £50,000 does not apply to public limited companies, as this statement is not relevant to their foundational requirements.