Definition
ASME standards, established by the American Society of Mechanical Engineers (ASME), cover a wide range of engineering disciplines, including mechanical, nuclear, and petroleum engineering. These standards provide specifications, guidelines, and codes of practice for the design, construction, testing, and operation of mechanical systems and equipment, ensuring their safety, reliability, and compatibility with industry best practices.
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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.