Other states generally require a trip to the post office to mail in documents. The Sunshine state thankfully does not, but makes up for its lack of a state income tax by charging $125.00 to file. The process in Florida is not as instantaneous as it is in Colorado. Although Florida’s Limited Liability Company laws are some of the best and most seasoned in the United States since Tallahassee was the second state in the Union to enact Limited Liability Company legislation.
Florida essentially cloned its laws after former Vice-President Richard Bruce Cheney’s adopted home state of Wyoming which was the first to adopt LLC laws in order to limit the personal liability of oil and gas wildcats in the late 1970’s. Unfortunately, Wyoming does not offer the kind of e-filing that its neighbor Colorado permits. The other drawback is the $100.00 filing fee for Corporations and LLCs which makes it more expensive than Delaware. Except if you are a Corporation which could be subject to a Franchise Tax which Delaware imposes and Wyoming does not.
Both jurisdictions do require the filing of annual reports to the state for taxes. New Mexico does not have such an annual reporting requirement for Limited Liability Companies organized under its laws. A trip to the post office is sadly still a part of the deal to do business with Santa Fe.
In an age of digital just about everything, it is incredulous that greater technological innovations have not come to business law. The rise of Blockchain technology as evident by Bitcoin and now Ethereum along with other practical forms of disruptive decentralized technologies have ushered in a mad rush to “let’s decentralize everything possible.” One such example is my own citizenship in Bitnation. Yes, Bitnation is decentralizing the nation-state as we know it. Nobody is forced to join and everybody is free to leave. Bitnation is the epitome of a consensual non-abusive and voluntary relationship. Just like the largest hotelier owns no hotels and the largest taxicab company owns no automobiles Bitnation to my knowledge owns no land.
Bitnation has a written Constitution like most countries, but it is the first to have done so on a blockchain. By design Bitnation does purposely lack a formal legislature and a formally codified body of laws because the choice of law is left up to the individual. Liberty and responsibility are twins.
As an entrepreneur that has spent thousands of euros on incorporation filing fees over the decades, I am dismayed by the fact there is no goldilocks jurisdiction. No combination of Colorado’s tech savvy registration with New Mexico’s lack of annual reporting to Wyoming’s “genesis block” with respect to limited liability legislation and Delaware’s all important Court of the Chancery.