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 Central Africa Company Railway Ltd and the Central Africa Railway Ltd. In 1930, Nyasaland Railways Ltd was formed to acquire the business of the Shire Highlands Railway Ltd and the share capital of the Central Africa Railway Ltd. This left the British Central Africa Company as a significant shareholder in Nyasaland Railways Ltd. The company, whose name was now The Central Africa Company, became a subsidiary of Lonrho (Malawi) Ltd in 1964 Lonrho bought The Central Africa Company Ltd mainly because of its railway shares, but also acquired a 3,500 acre tea plantation, two tea factories and some other small estates. The British