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
Aldershot & District Traction Company Limited Aldershot & District Traction Company Limited Aldershot & District Traction Company Limited was a major bus company operating services in East Hampshire, West Surrey and parts of adjoining counties for sixty years during the 20th century, from 1912 until 1972 when it became part of Alder Valley. Aldershot & District was inaugurated on 24 July 1912 when the British Automobile Traction Company Limited (a subsidiary of British Electric Traction Company - BET) bought the pioneering Aldershot & Farnborough Motor Omnibus Company Ltd, whose 5 buses had operated services between those two towns since 1906. The initial livery was dark green