Wyoming Corporate Services... for a fee, will create a company, set up a bank account, appoint officers and… — David Cay Johnston
Wyoming Corporate Services... for a fee, will create a company, set up a bank account, appoint officers and directors... provide a lawyer as a corporate director so the company can invoke attorney-client privilege... [and] make any required regulatory filings... without anyone being able to ascertain, without a court order, who is behind any corporation it creates.
Source: Wikiquote · CC BY-SA 4.0
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[C]lassical "corporations"... existed not for profit but in service of the state. ...A key tenet ...has changed since ancient times... If a business fails, the chief executive does not have to become a slave to the bank... Corporations... have inverted the Roman equation: ...the state serves them.
The only real risk of competition arose when some local governments favored the idea of building a municipal telephone, cable television and Internet access system that would be faster and cheaper. The industry responded like sharks, determined to do in the opposition and protect their predatory position.
Legislatures passed these laws, presidents and governors signed them and the courts have endorsed them. In many cases they effectively gut state constitutional provisions and laws banning gifts to business.
