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
British American Investment Company (Mauritius) arrest warrant was issued for some of the BAIC directors wanted for fraud, money-laundering and embezzlement. The Mauritian Cabinet has since been drawing up plans to seize BAIC's assets and investments. BAIC is a wholly owned subsidiary of Bahamas Based Seaton Investment which is in turn 85.8% owned by Klad Investment Corporation, the Rawat family investment vehicle. British American Investment Company (Mauritius) British American Investment Company (Mauritius) Limited (BAIC) is an investment conglomerates based in Mauritius. British American Investment Company (Mauritius) Limited's investments range from financial services, trade and commerce, transport, real estate, leisure and hospitality and health care. The