Definition
Consignment stock refers to inventory or goods that are held by a retailer, distributor, or consignee on behalf of a supplier or consignor. The consignor retains ownership of the stock until it is sold or used, at which point the consignee pays the consignor for the goods sold or consumed. Consignment stock arrangements help suppliers reduce inventory carrying costs and improve product availability while allowing consignees to manage inventory levels and risks more effectively.
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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.