Revoking the charter is in fact an option, however seldom it's invoked, but it's not actually necessary. Courts can, and do, pierce the corporate veil, either

Revoking the charter is in fact an option, however seldom it's invoked, but it's not actually necessary. Courts can, and do, pierce the corporate veil, either criminally prosecuting responsible parties or holding them to full liability for corporate action. Corporate personhood is a useful fiction, but it's just that, a legal fiction.