Formation Cost | US$49 + gas fees for LLCs, US$99 + gas for Swiss Associations | From hundreds to thousands of dollars and often open-ended, opaque pricing |
Speed | Instant (thank you blockchains!) | Anywhere from 72hrs to 10 days |
Registered Agent | Provided by OtoCo for same annual fee as formation fee | Requires hiring a registered agent and incurring associated costs |
Paperwork | None | Extensive |
Operating Agreement (required by Law) | Included | Requires hiring and paying a lawyer or service provider |
Annual Franchise Tax | Automatically paid on time by OtoCo (cost is on us!) | To be paid by each standalone LLC and risks of tax delinquency when delayed |
Mailing Address | Free address provided with option to use your own. | You will need your own physical address (additional cost) |
Proof of Existence | Blockchain tx hash and unique NFT (optionally Registry-issued Certificate of Formation for LLCs) | Publicly filed LLC Certificate of Formation, potentially exposing the name of Member and Manager, or filed Articles for Swiss Association |