Definition
An electronic invoice, also known as e-invoice or digital invoice, is a document that contains billing details for goods or services provided by a seller to a buyer, but it is transmitted and processed electronically rather than in paper format. Electronic invoices are generated, sent, received, and stored digitally using electronic data interchange (EDI), email, or specialized invoicing software, offering benefits such as cost savings, faster processing, and reduced environmental impact.
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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.