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 Aircraft Company was renamed as Kronfeld Ltd. The Drone was also built under licence at Issy les Moulineaux in France by the Societe Francaise des Avions Nouvelles (SFAN), and at Ghent in Belgium by the Societe Gantoise des Avions sans Moteur. British Aircraft Company The British Aircraft Company was a British aircraft manufacturer based in Maidstone. It was founded by C H Lowe-Wylde and produced gliders and light aircraft during the 1930s. B.A.C. Ltd was registered as a Limited Company on 4 March 1931; directors were C H Lowe-Wylde, K Barcham Green and Mrs Sheila M Green. Around this time Lowe-Wylde was