Definition
Customs brokerage, also known as customs clearance or customs brokerage services, is the process of facilitating the import and export of goods across international borders by handling customs formalities, documentation, and compliance on behalf of importers and exporters. Customs brokers ensure that shipments comply with customs regulations, tariffs, duties, and import/export restrictions, facilitating smooth and efficient clearance through customs checkpoints.
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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.