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A Haven For Virtual Companies
Behind Vermont's unlikely ploy to attract online businesses
By: Max Chafkin
Some of today's hottest companies are virtual: They operate exclusively online, with employees and customers scattered all over the world. Yet to do business, these companies typically are still required by law to maintain a terrestrial office, to hold real-life board meetings, and to keep a paper trail made from dead trees.
That may soon change. The state of Vermont is set to become the first in the nation to offer a legal framework for virtual companies. In May, the state's legislature voted to pass a law, which is expected to ...
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Behind Vermont's unlikely ploy to attract online businesses
By: Max Chafkin
Some of today's hottest companies are virtual: They operate exclusively online, with employees and customers scattered all over the world. Yet to do business, these companies typically are still required by law to maintain a terrestrial office, to hold real-life board meetings, and to keep a paper trail made from dead trees.
That may soon change. The state of Vermont is set to become the first in the nation to offer a legal framework for virtual companies. In May, the state's legislature voted to pass a law, which is expected to ...
read rest of article
