Definition
ASTM standards, developed by the American Society for Testing and Materials (ASTM International), are widely used voluntary consensus standards for materials, products, systems, and services. These standards define specifications, test methods, practices, and guides to ensure the quality, safety, and performance of various materials and products across industries, including construction, manufacturing, and transportation.
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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.