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Check Point - Business Organization

Check Point - Business Organization - The Limited Liability...

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The Sole Proprietorship would be the first owner of a company when opened. Sam Walton started his career as a Sole Proprietor on May 9, 1950 with the name of his store “Walton’s Five & Dime” and by 1962; he had 11 stores across Arkansas with the first one being in Rogers, AR. Then on July 2, 1962, Sam Walton opened the first Wal-Mart store. The Partnership of the company would be the stockholders and owners of the Wal-Mart stores that agree to pool their talent and resources together to establish a company. The Wal-Mart Chain Store is a partnership only in the way of its’ stockholders.
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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. Walton’s 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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