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The first company to be established in the United States was the Virginia Company in 1607. It was founded as a joint-stock company with the purpose of establishing a permanent English settlement in the New World. The company was granted a charter by King James I to form a settlement in Virginia and was responsible for the founding of the Jamestown colony. The Virginia Company faced numerous challenges in its early years, including conflicts with the native Powhatan tribes and struggles with disease and starvation. Despite these challenges, it laid the foundations for the growth of future colonies in America and helped to establish American commerce and trade.