Definition
An indirect importer is a business or individual that purchases goods or products from a domestic supplier who, in turn, imports these goods from foreign suppliers or manufacturers. Indirect importers acquire imported goods through domestic channels and are not directly involved in the importation process or customs clearance.
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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.