A strategic alliance is an agreement between two companies that have decided to share resources for the implementation of a certain mutually beneficial project.
A strategic alliance agreement can help a company develop a more efficient process.
Strategic alliances allow two organizations, individuals or other organizations to work towards common or interrelated goals.
A franchise is a business in which the owner licenses his activities - along with his products, branding and knowledge - in exchange for a franchise fee.
Limited liability company (LC) is a general term for a type of business organization in which the assets and income of the owners are separate and distinct from the assets and income of the company; known as limited liability.
Ltd. is the standard shorthand for “limited”, a form of corporate structure available in countries including the UK, Ireland and Canada, and appears as a suffix after the company name.