An audio podcast is now available of a discussion by Professor Oliver Goodenough of Vermont Law School and the Berkman Center for Internet and Society at Harvard University, about the Berkman Center’s Digital LLC Project, held 28 July 2010 on Radio Berkman. Here is a description of the project:
Digital LLC is an open-source software that provides entrepreneurs with the tools to take advantage of Vermont’s recent ground-breaking legislation allowing “virtual LLCs” and “virtual corporations” to achieve full legal status and to exist entirely in digital form. Digital LLC guides entrepreneurs in building the two main components that govern the management of an LLC: the Operating Agreement and the Articles of Organization. Once these key documents are agreed upon by the designated LLC members, the software allows users to make all management decisions digitally for the entire existence of the LLC.
Digital LLC has the potential to lower barriers to entry, streamline execution, and import better institutions to side-step local limitations, making a whole new cooperative relationship possible.