Definition
Compliance refers to the adherence to legal regulations, industry standards, and internal policies and procedures within an organization. In the context of international business, compliance involves ensuring that operations, products, and services comply with applicable laws and regulations in multiple jurisdictions, as well as industry-specific standards and ethical principles. Compliance efforts aim to mitigate legal risks, promote transparency, and uphold corporate integrity.
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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.