The extremely democratic, open access aspect of incorporation and limited liability in the modern US is hard to exaggerate. I set up an LLC yesterday. It took less than an hour with a lawyer and a three figure sum to set it up. Much of the time with the lawyer was spent yakking about UH and personal history and other chit-chat. I am sure I could have done it cheaper online, but the cost of doing it old school was so low I figured-why take the chance of making a mistake? It was easier to set up an LLC than picking up a prescription.
It is easier and cheaper-by far-to incorporate than to become a fricking barber or beautician. I defy you to identify anything that the state has erected fewer obstacles to obtain. Anything. There are few things that are so equally accessible to all Americans.
One should be suspicious of entry barriers, and embrace the things that are accessible to all. The anarcho-libertarians who demonize corporations overlook this. The open access corporation represents a triumph of open access and small-d democracy. Anyone can be an owner. Anyone can be a CEO. Do you anarcho-libertarians have any idea how rare that is? Do you really think that circumscribing or proscribing the ability to incorporate and limited liability will constrain elites and empower the ordinary? If so-think again.