The correct answer is Public limited Companies. Financial ReportingFinancial reporting includes all of a company's communication of financial information to people outside of the company. Financial reporting uses financial statements to financial data that indicate the financial health of a company during a specific period of time. The information is vital for management to make decisions about the company's future and provides information to capital providers like creditors and investors about the profitability and financial stability of the company. Public Limited CompaniesA Public Limited Company (PLC) is a separate legal business entity that offers its shares to be traded on the stock exchange for the general public. According to the regulations of the corporate law, a PLC has to compulsorily present its financial stats and position publicly to maintain transparency. Its formation, working and its winding up all its activities are strictly governed by rules, laws, and regulations. A company must have a minimum of seven members but there is no limit as regards the maximum number. The liability of a member of a company is limited to the face value of the shares he owns. Once he has paid the whole of the face value, he has no obligation to contribute anything to pay off the creditors of the company. Additional InformationSole Proprietorship BusinessA sole proprietorship is a type of an incorporated entity that is owned by one individual only. It is the simplest form of a business entity. A sole proprietor is the beneficiary of all profits. All risks are to be borne by the sole proprietor. Private Limited CompaniesA Private Limited Company is a privately held small business entity. The liability of members of a private limited company is limited to the number of shares held by that member. A private limited company is governed by the Companies Act,2013. Partnership FirmsThe Partnership is an association of two or more persons to carry on a business in the capacity of co-owners. Each such person is called a partner. All the partners share the profits and losses in the proportion of their respective owners, or as agreed between them.