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
Private limited company s ograničenom odgovornošću" (literal: limited liability company), abbreviated "d.o.o.". A public limited liability company is termed a "dioničko društvo" (literal: joint stock company) abbreviated "d.d.". Czech legislation contemplates LLCs as "společnost s ručením omezeným" ("s.r.o." or "spol. s r.o."). An "s.r.o." is not technically comparable to an LLC because the profits are still subject to double taxation. Czech law does not offer a possibility to start up a limited company without the possibility of avoiding double taxation. As of 2014 the liability is not limited in Czech, since managing director ("jednatel", mandatory board member in Czech LLCs) bears full liability