Definition
A Quality Management System (QMS) is a set of policies, processes, procedures, and resources implemented by an organization to ensure consistent quality in its products or services. A QMS typically includes quality planning, control, assurance, and improvement activities aimed at meeting customer requirements, complying with regulations, and enhancing organizational performance. QMS frameworks such as ISO 9001 provide guidelines for establishing and maintaining effective quality management systems.
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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.