Vermont: Your VERtual Business Welcome!

Enjoy the following excerpt.

Link to full article, by Alan Rappeport for CFO.com, also at the bottom.

And if I may say so myself, Vermont SOOOO rocks!

Known for its Green Mountains, maple syrup, and, of course, moonlight, Vermont might not seem the most likely state to welcome companies with edgy technology. And yet it is virtually in the lead.

A bill signed into law earlier this month positions it as a leader in incorporating so-called virtual firms — those without a physical headquarters, actual paper filings, and directors' meetings (they're all online.) If it succeeds, it could emerge with the nation's first virtual tech corridor.

The bid to attract companies with infrastructures as diaphanous as Vermont's moonlight has special appeal. It aims to offer far-flung groups, working on collaborative projects, the benefits of a corporation connection — without the costs that come with commuting and using centralized office space. Officials hope the law will replicate the success that Vermont has had as an "offshore" haven for captive insurance arrangements. That effort has drawn more than 500 companies to set up entities in the state.

Vermont Wants to Be the "Delaware of the Net" - Technology - CFO.com