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
British Tabulating Machine Company British Tabulating Machine Company The British Tabulating Machine Company (BTM) was a firm which manufactured and sold Hollerith unit record equipment and other data-processing equipment. During World War II, BTM constructed a number of "bombes", machines used at Bletchley Park to break the German Enigma machine ciphers. The company was formed in 1902 as The Tabulator Limited, after Robert Porter obtained the rights to sell Herman Hollerith's patented machines from the US Tabulating Machine Company (later to become IBM). By 1909, the company had been renamed the "British Tabulating Machine Company Limited". In 1920, the company moved from London to