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
American Snuff Company American Snuff Company The American Snuff Company, formerly Conwood Sales Company LLC, is a division of Reynolds American, a major tobacco company. The American Snuff Company was acquired by Reynolds American in mid-2006 for $3.5 billion in cash. It now generates nearly 7% of Reynolds American's annual revenue. The current President of American Snuff Company is Brian Chambers. The American Snuff Company, or Conwood LLC, was formally founded around 1900, but had been operating since shortly after the Revolutionary war as a small snuff mill. From 1986 to 2006, Conwood was owned by the Pritzker family of Chicago. When Reynolds