Definition
A bonus is a monetary reward or incentive given to employees in addition to their regular salary or wages as recognition for their performance, contributions, or achievements. Bonuses may be paid as one-time lump-sum payments, profit-sharing distributions, or performance-based incentives based on individual, team, or company performance goals and metrics.
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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.