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
The Timberland Company The Timberland Company Timberland LLC is an American manufacturer and retailer of outdoors wear, with a focus on footwear. It is owned by VF Corporation. Timberland footwear is marketed towards people intending outdoor use. The company also sells apparel, such as clothes, watches, glasses, sunglasses and leather goods. Timberland’s corporate headquarters are located in Stratham, New Hampshire. Timberland also operates from offices in other parts of the world. Horween Leather Company supplies leather shells for footwear to the Timberland Company. In 1998 Jeffrey Swartz stepped up to become Chief Executive Officer of the company and brand his grandfather, uncle, and