Is there a public company with limited liability?

A public company with limited liability is a contradictory concept, as in most legal systems, limited liability companies (LLCs) are non-public, meaning their shares or interests are not traded on the open market.

Public companies usually take the form of joint-stock companies (JSC), where shares are freely traded on the stock exchange. In Russia, for example, there are:

• LLC (Limited Liability Company) — a non-public company
• PJSC (Public Joint-Stock Company) — a public company

Therefore, a public company with limited liability generally does not exist, as public status and limited liability are implemented through different organizational and legal forms.