We sat on the idea for a while and quickly realized that the legal engineering would be as heavy - and turned out to be heavier! - than the smart contract authoring.
In early 2019, we started the initial back and forth with US legal counsel resulting in the Master and Series LLC Operating Agreements and the respective Delaware and Wyoming Certificates of Formation.
At the same time, we commenced the first development sprints.
After a number of intense months in the midst of Covid, our LLC assembler was launched summer 2020, first in Delaware followed by Wyoming. Since, over 220 LLCs have been created through OtoCo, despite the experimetal nature of its technology.
In this first section, we talk about the legal engineering behind OtoCo and how we managed to improve on the legal formation process in both speed and cost.