> 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/2.-how-we-condensed-speed-of-formation-to-seconds-instead-of-hours.md). # 2. How we condensed speed of formation to seconds instead of days ## **Mickey Mouse Members** In most jurisdictions, upfront Know-Your-Customer and Anti-Money Laundering checks are performed before a new company can be filed, either at the official Registry level or by licensed formation agents, making the whole process a stop-start event which is difficult to automate and optimize for speed. By contrast, it is effectively possible - be it not very useful - to form a new company in the United States with Mickey Mouse as its first Member, since identity checks are effectively pushed out and performed only when the need arises, e.g. when the LLC applies for a bank account. As with real birth, the company's birth certificate gets issued first, the passport follows later - and only if there's a need to travel! This lack of attestation of a Member's identity at the moment of birth of an US LLC helps enormously in condensing the due process of formation. However for every new LLC filed, there's still a wait of 12 to 48 hours until Registry stamps a new entity's "birth certificate". How to get to remove this blocker? --- # 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: ``` GET https://otoco.gitbook.io/otoco/a.-otoco-instant-entities-on-blockchain/genesis/2.-how-we-condensed-speed-of-formation-to-seconds-instead-of-hours.md?ask= ``` The question should be specific, self-contained, and written in natural language. 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.