In a way Paxum (I do not yet have a Paxum account, nor am I paid in any way to make this post!) may well be leading the wave of the future!
Take a look at this article as it truly indicates how things are really headed!:
http://gigaom.com/2008/06/17/vermont...-corporations/
"Ah Vermont, that lovely New England state known for its maple syrup, Ben & Jerry?s ice cream?and now, limited liability corporations that only exist online.
On June 6th, Gov. Jim Douglas signed an inauspicious-sounding bill entitled ?H.0888, Miscellaneous Tax Documents? that could revolutionize the way startup companies are formed and run. As New York Law School professor David Johnson explained to me, up until now, U.S. law required LLCs to have physical headquarters, in-person board meetings and other regulations that have little relevance in the digital age.
No longer. Under the new law, for example, a board meeting may be conducted ?in person or through the use of [an] electronic or telecommunications medium.? A ??virtual company? will be, as a legal matter, a Vermont limited liability company,? said Johnson. And other states are required to recognize the corporation as a legitimate LLC. So while in the past many companies registered in Delaware to take advantage of that state?s business-friendly policies, with this law, Internet-driven startups may find Vermont even more ideal.
Johnson was instrumental to crafting the bill?s language; he, along with his NYLS students and a couple of professors at Vermont Law School, spent the last two years putting it together. He foresees virtual companies launched for countless reasons, such as the production of software or publications written by people across the country, even for corporations that exist only in Second Life."
This is the way of the future and very much akin to what we do at my place. I mean, I've got an office but it is an old run down three room building that ought to be knocked down before it falls down! LOL! With the Internet , who needs a crappy old building anyway?