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
Cannon Films (British company) A Farewell to Mr Cinema. Cannon Films (British company) Cannon Films Limited is a British film production company, based in Lancaster in Lancashire. The company was founded by Richard Albiston in 2014. Cannon Films Ltd was founded by Richard Albiston in 2014, after working for Israeli movie mogul Menahem Golan until his passing in August 2014. The company was set up to produce screenplays and projects created by both Menahem Golan and Richard Albiston, as well as original projects. Suzanne Howarth and Alan Calder joined the company in late 2015. Several of the company's projects were covered in the 2014