Private limited company business. AOL was set up as an LLC during its ownership by Time Warner from 2001 to 2008. There is a similar setup for BMW's American subsidiary, BMW of North America, LLC. Chrysler has been an LLC since restructuring during the auto industry bailout of 2009, owned by Fiat Chrysler Automobiles N.V.. Private limited company A private limited company is a type of business entity in "private" ownership used in many jurisdictions in contrast to "public" ownership, with some differences from country to country. Examples include "LLC" in the US, "private company limited by shares" in the UK, "GmbH" in
Private limited company that extends to all of his/her property, including private one. The Danish form of the LLC is the "kommanditselskab" (K/S). There is no minimum capital requirements. In a K/S there are two types of shareholders, the "komplementar" which is fully liable, and the "kommanditist" which liability is limited. The K/S is a tax-transparent company, which means the income "passes through" the company directly to the shareholders. Dominican Republic legislation contemplates LLCs as "Sociedad de Responsabilidad Limitada", also known by their abbreviation "S.R.L.;; S.R.L.s award limited liability to their members up to their contribution in the company (i.e., contribution of capital).