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
The Tornante Company of the firm include: Former holdings of the firm include: The Tornante Company The Tornante Company, LLC is an American privately held investment firm founded and owned by former The Walt Disney Company CEO Michael Eisner in 2005. Tornante invests in, acquires and operate media and entertainment companies. When Eisner was bicycling around Italy, he saw a signpost that inspired the name Tornante for his company. Tornante means “hairpin turn” in Italian. The Tornante Company was founded by Michael Eisner in 2005 after leaving The Walt Disney Company. In 2006, Tornante formed Vuguru production company with backing from Rogers Media