Definition
SAE International standards, established by the Society of Automotive Engineers (SAE), encompass technical specifications, practices, and guidelines for the automotive and aerospace industries. These standards address vehicle design, performance, safety, and environmental requirements, promoting innovation, standardization, and compatibility in the development and production of vehicles and related technologies.
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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.