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Chaitenya Gupta
@chait
Introducing: Entity Formation Frames 🖼️ Spin up an onchain LLC, starting at just $49 - select your jurisdiction, and incorporate! @hanverstraete.eth and I have been wanting to bring this to the farcaster community as “spontaneous” entities Tx's ⚡ by: @base 🔵 https://frame.otoco.io/api
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grin
@grin
I only incorporate in ways @thethriller approves of What’s the verdict here?
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Chaitenya Gupta
@chait
We don’t do DAO LLCs yet but you can spin up an LLC (Series) using otoco.io in DE, WY, and Marshall Islands You can manage using dashpanel, request an EIN/Tax ID, open a mercury bank account. With over 1200 entities created we are only just getting started! Happy to answer any specific questions you have?.
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grin
@grin
When would I want to use a normal llc vs this?
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Han
@hanverstraete.eth
1. Faster: "Protected" Series are instant: they don't require filing vs. "Registered" Series which do; 2. Cheaper: Series don't need to pay for their own registered address and annual fees; 3. Better: OtoCo users natively spin up & control their entity DeFi-style vs. analog paperwork and offchain rails for legacy LLCs
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grin
@grin
ok but what about the opposite. when is OtoCo a worse choice than the alternative?
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Petra ⊙
@0xpetra
Exactly, what are the tradeoffs with a regular LLC and when it makes sense to pay 10x more?
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