1st “Delaware” Company Cloned On Blockchain by J X STARR
Remember back in the day when “IBM clones” were all the rage? It was heralded as a giant leap forward in the proliferation of home computing. In part because it knocked the gate wide open to increased competition and innovation in that sector. Nowadays hardly anyone has or uses an “IBM” personal computer and nearly everyone is running a device not manufactured by the “International Business Machines Corporation.” This is the case regardless of the operating system in use be it “Microsoft” or “Apple” or “Linux” based. The latter being open sourced with many “clones” or varieties.
The legal world is no different. Take for example the British Virgin Islands. Sir Richard Branson’s Necker Island is situated in a jurisdiction which due to its size and proactive management has utilized cloning of the legal kind. The International Business Companies Act, 1984 was largely modeled on the most successful tax haven in the World being in Vice-President Joseph Robinette “Joe” Biden, Jr. adopted home state of Delaware. The 1984 Act which is arguably antithetical to Eric Arthur Blair a/k/a George Orwell’s 1984 was replaced by the BVI Business Companies Act (No 16 of 2004) which was modeled after a New Zealand statute according to Wikipedia.org.
If another jurisdiction and in particular if a foreign competing jurisdiction can engage in legal cloning why can’t individuals? Laws and most legal judgments are a matter of public record and are or should be in the public domain.
Do-It-Yourself company formation has been around for quite some time and in most cases small business owners seldom need the services of an Attorney to form popular entities such as the Limited Liability Company or the Business Corporation.
One of the easiest and most user-friendly jurisdictions is in the state which first boldly decriminalized marijuana. The Rocky Mountain state enables just about anyone with a willing Colorado registered agent or a valid Colorado street address for its residents to file in mere minutes and in most cases for as little as $50.00. Occasionally they run $1.00 fee sale specials for Corporations and LLCs. Hint, hint, Mr. Williams!
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