http://bozonbloggon.blogspot.com/2012/07/in-this-country-individual-states.html
Legally, corporations are, technically, each, regarding their corporate charter, creatures of their individual state of incorporation, in the US. Elsewhere, they may be creatures of some larger national entity or entities.
US trusts, a little different regulatory scenario, but state law still applies theoretically.
It has long been merely a formality, for a variety of reasons.
Federal taxes, and other regulations, of various kinds quickly co opted to a great extent states's regulatory roles re these entities,
Thus President Obama can talk to corporations about citizenship, etc. The Presidency is just about the last official entity which should lecture corporations about citizenship.
See, terms search, Trading American Interests, and the role of the Presidency.
However, states do regulate corporations, especially the small ones, and occasionally revoke corporate charters, and impose personal civil, and or criminal, liability on corporate principals, under certain circumstances such as fraud, illegality, crime, etc.
Terms search: your state, 99 cent stores
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