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 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 Lamson opened a shop in Merrimack Street, Lowell, Massachusetts, in February 1879. He experimented in saving the assistants walking between the counter and the cash office with a system of hollow balls on tracks. The Cash Ball system was born. He filed a patent on 14 February 1881. In January, 1882, the Lamson Cash Carrier Company was incorporated. In 1884, John Magrath Kelly, an Irish-American from Boston, became an