Private limited company business. AOL was set up as an LLC during its ownership by Time Warner from 2001 to 2008. There is a similar setup for BMW's American subsidiary, BMW of North America, LLC. Chrysler has been an LLC since restructuring during the auto industry bailout of 2009, owned by Fiat Chrysler Automobiles N.V.. 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
Limited company Companies Act 2006, Northern Ireland's previously distinct company law was repealed and the new companies code instituted by that Act was extended to Northern Ireland. In the United States, corporations have limited liability and the expression "corporation" is preferred to "limited company". A "limited liability company" (LLC) is a different entity. However, some states permit corporations to have the designation "Ltd." (instead of the usual "Inc.") to signify their corporate status. A Limited company must file annual tax returns ("corporation" tax returns) with the Securities and Exchange Commission. In Zimbabwe the term "(Pvt) Ltd" refers to a private company limited