Definition
Enterprise resource planning (ERP) is a software system or integrated suite of applications used by businesses to manage and automate core processes such as finance, human resources, supply chain management, manufacturing, and customer relationship management. ERP systems provide real-time visibility, data integration, and process optimization across the organization for improved efficiency and decision-making.
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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.