 In 1872 the company became A/S B&W ("Aktieselskabet Burmeister & Wain"), a limited liability corporation.That same year saw the founding of the Refshale Island shipyard.At this point, Baumgarten, as the first founder, became a director of the board of what he would see become Burmeister & Wain "Maskin- og Skibsbyggeri" (Engineering and Shipbuilding) in 1880.