I've been following this development but unfortunately, it's never materialized to the extent that is implied in the Gigaom article. http://en.wikipedia.org/w

I've been following this development but unfortunately, it's never materialized to the extent that is implied in the Gigaom article. http://en.wikipedia.org/wiki/Virtual_business http://en.wikipedia.org/wiki/Virtual_business In 2008, Vermont amended its laws governing corporations to accept electronic forms of legally required meetings, operating agreements, documents, signatures, and record keeping. A Vermont corporation (S-corp or LLC), while required to maintain a registered agent with a physical address in the state, can be started, operated and terminated without any of the principals ever being in each others' physical presence. Since you can register in any other state via a registered agent, it doesn't really add much to the registration process - the difference here is Board meetings. The requirements for in-person vs. teleconferenced Board meetings are governed by each state. Below is a (1999) compilation of various states' requirement. As you can see, there are NO states that explicitly require Board meetings to be in person and lots of states that provide for at least some form of teleconferencing. http://www.muridae.com/nporegulation/documents/teleconf_definitions.html http://www.muridae.com/nporegulation/documents/teleconf_defi... So personally, I don't see what is so crazy special about Vermont. Anyone cares to explain? Edit: Also, I am pretty sure the article references the wrong bill. If you look at the actual bill in the state database, you will see that the relevant bill is H-458, not H-888. http://www.leg.state.vt.us/docs/legdoc.cfm?URL=/docs/2008/bills/house/H-458.HTM http://www.leg.state.vt.us/docs/legdoc.cfm?URL=/docs/2008/bi...