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
Ashbury Railway Carriage and Iron Company Ltd was absorbed into the Metropolitan Amalgamated Railway Carriage and Wagon Company Ltd, which later became the Metropolitan-Cammell Carriage and Wagon Co Ltd. Examples of its rolling stock survive to this day on preserved railways all over the world. The company name was revived in 2004 by a group in North Wales to recreate some of the carriages that it built. Ashbury Railway Carriage and Iron Company Ltd The Ashbury Carriage and Iron Company Limited was a manufacturer of railway rolling stock founded by John Ashbury in 1837 in Commercial St, Knott Mill in Manchester, England, near the original terminus of