the companies act is generally reserved for companies which engaged in business physically in anguilla, and companies formed under it are generally referred to as either "cacs" (an acronym for companies act companies) or "abcs" (an acronym for anguillan business company). the other two statutes relate to the incorporation of non-resident companies as part of the territory's financial services industry. companies incorporated under international business companies act are called international business companies (or, more usually, "ibcs"). ibcs represent the largest number of companies in anguilla. companies incorporated under limited liability companies act are called limited liability companies, and are also commonly referred to by their three-letter acronym, "llcs".