Definition
Less Than Truckload (LTL) shipping is a mode of transportation where multiple shipments from different shippers are consolidated onto a single truck for delivery. It is suitable for small to medium-sized shipments that do not require a full truckload, offering cost savings, flexibility, and efficient delivery for businesses with smaller shipping volumes.
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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.