Companies are treated like persons legally and while I'm sure there is too much bureaucracy in many places, I'm also sure that there are important documents that should be required.

For example to make sure that a company can be held responsible when it breaks the law.

There are already enough loopholes to disconnect legal responsibility from profit-taking, and not every company is benign.

Sure, if the documents cannot be acquired in X days for other reasons, that would undermine the tagline.

But I don't think that's the main risk.

Let's not forget that some requirements make sense.

In Germany, the government recently decided that some minor applications to local governments must be answered within X days or else are automatically approved.

But "minor" is important here... great for a small business that applies for a permit to renovate there outdoor seatings or whatever.

I wouldn't want for company foundings to be auto-approved without submitting the legally required documents.