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
Lamson Engineering Company Ltd that could carry up to 6 kg. This was designed as an office document carrier. The company relocated to Stoke on Trent in 1974. Lamson Engineering Company Ltd survived until 1976 when it was taken over by Dialed Despatches to become D. D. Lamson. Further acquisitions and sales moved the pneumatic tube business through Crest Nicholson, Frederick Cooper, J. Bibby and Sons and now it is part of Quirepace Lamson Engineering Company Ltd The Lamson Engineering Company Ltd was the best known British manufacturer of Cash Ball, Rapid Wire and Pneumatic tube delivery systems from 1937 to 1976. William Stickney