> For the complete documentation index, see [llms.txt](https://otoco.gitbook.io/otoco/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://otoco.gitbook.io/otoco/a.-otoco-instant-entities-on-blockchain/genesis.md). # Part I. How OtoCo Came About ![](/files/-MbcuRSqrjLkwAbuP2XI) ## **A challenge thrown by the community of entrepreneurs and investors** Back in summer 2020, we started to work on our OtoCo product with 2 goals in mind: 1. We wanted to compress the time and cost of forming a new legal entity; 2. whilst maintaining legal validity. The demand for a "company at the push of a button" is heard quite often in entrepreneurial circles. Here are some recent calls: ![](/files/-MbcVUKJVWMCfseksCp7) Our first ideation for OtoCo dates back to a chat with Ethereum developer Ville Sundell at the 2018 Prague DEVCON conference, the annual Ethereum community get together. In March 2017, Ville had [written a piece on his LinkedIn sharing details of the "Etherprise" he had engineered](https://www.linkedin.com/pulse/etherprises-llc-set-up-your-own-company-ethereum-ville-sundell), which provided the spark for OtoCo. 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. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://otoco.gitbook.io/otoco/a.-otoco-instant-entities-on-blockchain/genesis.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.