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
Bihar State Power Holding Company Limited 5 companies, namely: Bihar State Power Generation Company Ltd. (Generation business), Bihar State Power Transmission Company Ltd. -BSPTCL(Transmission Business), North Bihar Power Distribution Company Limited & South Bihar Power Distribution Company Limited (both in distribution business) & Bihar State Power Holding Co. Ltd.(apex holding Company) on 1 November 2012. The installed electricity generation capacity in Bihar was 3832.54 MW on August 31, 2015. This is 10% of India’s power capacity and 25% of the East India. Bihar reported a peak power demand of 3,500 MW in 2014-15. The per capita power consumption in Bihar is 144 kilo watt hour (kwh),