What type of company sells shares to the general public?

A Public Limited Company (PLC) is the correct answer as it is the only type of company that can sell its shares to the general public. This structure allows the company to raise capital from a wide range of investors, making it easier to fund expansion and development projects. Public Limited Companies are listed on a stock exchange where their shares can be bought and sold by anyone, enhancing liquidity and attracting a larger investor base.

In contrast, a Private Limited Company typically restricts its share sales to a select group of investors and does not sell shares on public exchanges. Sole Proprietorships operate under individual ownership and do not issue shares, meaning they do not have the capacity to raise capital in the same manner. Limited Liability Partnerships, while allowing for some degree of investment, do not issue shares to the public in the way that Public Limited Companies do. Therefore, the key distinction of a Public Limited Company lies in its ability to publicly sell shares, facilitating broader participation in its ownership.