Definition
Articles of Association are a legal document that sets out the rules and regulations governing the internal management and operation of a company. It typically includes provisions on the rights and duties of shareholders, directors' powers, meetings procedures, and distribution of profits. Articles of Association are filed with the company's registration documents and form part of its constitution.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.