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
Bowater Mersey Paper Company Limited Paper Company Ltd founded Mersey Shipping Company Limited in 1930 which was renamed to Markland Shipping Company Limited in 1937 and Bowater Steamship Company of Canada Limited in 1959. Its ships carried pulp wood and paper products for the Brooklyn mill and other shippers. Bowater Mersey Paper Company Limited The Bowater Mersey Paper Company Limited, commonly shortened to Bowater Mersey, is a forestry company operating in the Canadian province of Nova Scotia. From 1929 until June 2012 Bowater Mersey operated a thermomechanical pulp (TMP) mill and associated paper mill producing newsprint located in Brooklyn, Nova Scotia. Annual production in 2011