Definition
A sourcing firm is a company specialized in identifying, selecting, and managing suppliers worldwide to meet the procurement needs of a business. These firms help businesses find the best suppliers in terms of quality, price, and production capacity, often leveraging international networks and local expertise to optimize the sourcing process.
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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.