You begin by applying for a corporate charter . And then stockholders hold a meeting to organize the corporation , an individual has limited liablity and the right.

首先你得申请营业执照：然后股东举行会议以管理公司，个人负有有限责任和权利。

Some states even granted corporate charters, which shifted the management of whaling ventures from small investor groups to corporate boards and executive officers.

一些州甚至颁发了公司章程，将捕鲸企业的管理从小型投资者团体转移到公司董事会和执行官手中。