A scheme called clipping-piecewise linear companding (C-PLC) was proposed in this paper to address the problem of high clipping noise and peak-to-average power ratio (PAPR) in optical orthogonal frequency division multiplexing (O-OFDM) signal for visible light communication (VLC) systems. The clipping information of the signal could be retained by adding a suffix at its end, which could reduce the clipping noise and PAPR of the VLC system, thus limiting the dynamic range of the signal effectively. In addition, the retained clipping information could be recovered at the receiver, with which the bit error rate (BER) performance could be pronouncedly improved. Furthermore, PLC could map bipolar signals into unipolar signals suitable for VLC and effectively reduce the PAPR of the signals. Simulation results showed that C-PLC system has lower PAPR than that of direct-current biased optical-OFDM and μ-OFDM schemes, and it also demonstrates an improved BER performance. This work will be of good help for the research and development of VLC system.