The Hijacking of Corporate Charters in the US

Very few Americans know that the US declared independence from England not only because of how they were being taxed by the English monarchy, but also because of how they were being treated by English corporations. Because of this, the US was born with a very simple structure for creating corporations. They were chartered by the State in which the corporation was formed. Charters were time-limited and renewable. To renew their coporate charter, all the company needed to do was to demonstrate two things: