Concept:A public limited liability company is the only option that can lawfully offer its shares to members of the public.
Explanation:The law requires a public limited liability company to have at least
7 members.
However, there is no maximum number of shareholders.
This is because the company is free to invite the public to subscribe to its shares.
Therefore, it can raise capital from well above
20 people.
A partnership is restricted to between
2 and
20 partners and cannot sell shares publicly.
A sole proprietorship belongs to just one person, while a private limited liability company cannot invite the public to buy its shares.
Only the public limited liability company therefore satisfies the condition in the question.
Answer:C. Public limited liability company