Private limited company including limited companies and US LLCs, are treated as bodies corporate subject to United Kingdom corporation tax if the profits of the entity belong to the entity and not to its members. A limited liability company (LLC) is a relatively new business structure authorized by state statutes. The LLC is chiefly inspired by the GmbH ("Company with limited liability"), a type of business organization in Germany, and by the , a type of business organization available in many Latin American countries. In the United States, the first limited liability company act appeared in Wyoming in 1977 as special interest legislation
British Broadcasting Company the 1930s, there were attempts to bring all radio communications in America back under single monopoly control by using the patent laws. This move failed. The Western Electric Company Ltd. in the UK was originally formed as a subsidiary of American Telephone and Telegraph Company (AT&T) in the USA where it served as its manufacturing subsidiary to equip the AT&T Bell Telephone system. British Thomson-Houston Company Ltd. was a controlled UK subsidiary of the General Electric Company in the USA. The Hotpoint Electric Appliance Company Ltd. was formed by British Thomson-Houston (BTH) in 1921. The only other company later added