Definition
A multinational corporation (MNC), also known as a multinational enterprise (MNE) or transnational corporation (TNC), is a large corporation that operates business activities in multiple countries through subsidiaries, affiliates, or branches. MNCs typically have a centralized management structure and conduct operations in diverse markets, leveraging economies of scale, global resources, and strategic capabilities to achieve competitive advantages and maximize profits. MNCs play a significant role in the global economy by driving innovation, trade, and investment across borders.
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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.