Private limited company the German equivalent. On one hand it is possible to consider it as a kind of "Gesellschaft mit beschränkter Haftung" (GmbH) because it has aspects of a corporation; on the other hand it could be considered to be a kind of "Kommanditgesellschaft" (KG), which is the German equivalent of a limited partnership. Based on the literal translation of the word "company", an LLC should be considered to be a kind of KG without any liable partner. The German equivalent that comes closest to LLC, is GmbH & Co KG, a nested Kommanditgesellschaft (KG) where a Gesellschaft mit beschränkter Haftung (GmbH)
British and American Steam Navigation Company British and American Steam Navigation Company The British and American Steam Navigation Company was a steamship line that operated a regular transatlantic service from 1839 to 1841. Before its first purpose-built Atlantic liner, the "British Queen" was completed, British and American chartered the "Sirius" for two voyages in 1838 to beat the Great Western Steamship Company into service. B & A's regular liners were larger than their rivals, but were underpowered. The company collapsed when its second vessel, the "President" was lost in 1841. British and American was founded by American lawyer Junius Smith (1780–1853), who is often considered the