Virtual limited liability companies
Encyclopedia
A Virtual limited liability company is a type of legal entity that does not require a physical headquarters
Headquarters
Headquarters denotes the location where most, if not all, of the important functions of an organization are coordinated. In the United States, the corporate headquarters represents the entity at the center or the top of a corporation taking full responsibility managing all business activities...

 or in-person board meetings. They were first allowed in Vermont
Vermont
Vermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England...

, USA
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...

in 2008.
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