Pensieri di un lunatico minore

Vermont virtualizes corporations

GigaOm puts it best:

Under the new law, for example, a board meeting may be conducted “in person or through the use of [an] electronic or telecommunications medium.” A “‘virtual company’ will be, as a legal matter, a Vermont limited liability company,” said Johnson. And other states are required to recognize the corporation as a legitimate LLC. So while in the past many companies registered in Delaware to take advantage of that state’s business-friendly policies, with this law, Internet-driven startups may find Vermont even more ideal.

This is a huge step forward at leveling the playing field for start-ups. I’m a bit surprised it was VT, rather than some other state, but who knows? With the ability to fully virtualize your company from hardware to people and sevices, why should you have to have some pointless “physical” presence? I’m sure however, that other states may get annoyed.