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 South Africa Company of the shares were owned by the British/South African mining company Anglo American plc. In the 1980s the company disposed of its overseas mining concerns to concentrate on its British engineering interests. In 1993 Charter Consolidated Ltd changed its name to Charter plc, and in 2008 to Charter Limited, which is incorporated in England and Wales, Company Number 02794949. The British South Africa Company still exists, and is registered as a non-trading business incorporated in England and Wales, Company Number ZC000011. British South Africa Company The British South Africa Company (BSAC or BSACo) was established following the amalgamation of Cecil