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 Airscrew Company The company diversified further and developed a wide range of products, notably aircraft and Bus panels and bulkheads, transit containers, ventilating equipment and wind tunnels and most importantly laminate wood products, manufactured as 'Weyroc', and also glass fibre products. The company changed its name to The Airscrew Company and Jicwood Ltd in 1950. The company was bought by Bryant & May Ltd in 1957, shortly after J D Titler's death in April 1957. Under the terms of the agreement Bryant and May invested £500,000 in the company. Eoin C. Mekie chairman of British Aviation Services, Ltd. Mr. Frank Charles Lynam,