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Future clients of J X STARR PARTNERS will be able to reach us not only via e-mail but the postal mail and, if necessary, can serve us with legal papers. They can take us to a task at a mediation and arbitration hearing. These added layers of accountability, openness and transparency are only fitting with respect to the blockchain’s battle cry of trust nobody.
The entirety of J X STARR PARTNERS founding document has been signed at BlockSign.com, and then further recorded and notarized on the blockchain by Stampery.com and finally recorded an additional time as well as announced on “Twitter” by Originstamp.org. Moving forward I will incorporate usage of Bitnation’s Notary into my contracts and documents, it was simply easier to display the flowery aesthetically pleasing notarial certificate that Stampery.com generates.
Delaware does not require Certificates of Incorporation to be signed before a Notary. In fact, no American state has such a requirement! As one that has been a victim of identity theft several times, I view my actions as a defensive move to prevent myself from once again being victimized. This is why I notarized some of my personal vital information in a fashion similar to that of the founding document for J X STARR PARTNERS.
My Digital Delaware Clone will not have to file annual reports with anyone and will be far easier to maintain. I will not have to worry about it being administratively dissolved for failure to pay annual fees or having to pay a Registered Agent money each year. The “Certificate of Good Standing” will remain intact on the blockchain so long as the blockchain exists. The possibility of corporate identity theft is greatly diminished.
There is more information about my Digital Delaware Clone publicly available for free then there is for literally hundreds of thousands of entities currently registered in Delaware. Privacy is important and so too is openness and transparency. Let the individual in the market decide which is more valuable on a case by case basis.
Best of all I’ve saved my compatriots at Bitnation hours of mind-numbing debate about which series of corporate laws to adopt or not in just 129 characters. In the near future, there are likely to be “Digital Seychelles Clones” and “Digital Cook Islands Trust Clones” among the many other varieties. A one size fits all policy simply doesn’t and won’t cut it.
Startups can now and should now avail themselves of the finest legal code possible as well as that most relevant to them.The new sector in the company formation industry will be that of coders not of javascript but of law that will customize founding documents accordingly. Some will be lawyers and others will not. Be your own jurisdiction!