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
Westinghouse Brake and Signal Company Ltd & Signal Company is Westcode, a high-power semiconductor manufacturer, now part of the IXYS Corporation. On 2 May 2013, the acquisition of Invensys Rail by Siemens was successfully completed. On 1 July 2013, the new company name for Invensys Rail Limited became Siemens Rail Automation Limited, with Westinghouse Brake & Signal Holdings becoming Siemens Rail Automation Holdings Limited. With this, the Westinghouse name disappeared from the railway signalling industry. Several years later, Siemens announced that it planned to merge its rail assets, including the former Westinghouse Signal business, with Alstom. Westinghouse Brake and Signal Company Ltd The Westinghouse Brake &