Private limited company Private limited company A private limited company is a type of business entity in "private" ownership used in many jurisdictions in contrast to "public" ownership, with some differences from country to country. Examples include "LLC" in the US, "private company limited by shares" in the UK, "GmbH" in Germany or "společnost s ručením omezeným" in the Czech Republic. In Albania a limited liability company () is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreements. Partners' contributions constitute the registered
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