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Unformatted text preview: The Limited Liability of the company would be to protect the owner or owners of the company. As of today, its stockholders and the public own Wal-Mart. Mr. Waltons family does own the majority of the stock in the company. After he (Sam Walton) passed away in 1992 in a tragic plane accident, his family took over the majority of the shares for the company. The Joint Stock of the company would be the employees and consumers of the company. A joint stockholder does not necessarily mean it is an employee or consumer; it can be anyone that wants to own a share in the company....
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This note was uploaded on 06/08/2010 for the course BUS 210 taught by Professor Scottrought during the Spring '08 term at University of Phoenix.
- Spring '08