How long does entity formation take?
Formation timelines depend on which entity type you choose.
Series LLC — instant
A Delaware or Wyoming Series LLC mints onchain in about 6 seconds after payment. You receive:
- Entity NFT in your wallet
- DashPanel access immediately
- Downloadable Operating Agreement
- Series Certificate of Formation (via compliance.otoco.io)
No waiting for state processing — the Master LLC structure handles filings on your behalf.
Standalone LLC — a few business days
A Standalone LLC ($299/yr) requires a state filing. Expect:
- Onchain entity mint — immediate
- State-issued Certificate of Formation — typically a few business days
- EIN (if ordered) — 2 business days target after you complete the Tax ID plugin form (with U.S. address on file)
Swiss Association — instant onchain
Swiss Associations form instantly onchain once both founding member wallets sign. Annual fee: $299/yr.
(D)UNA — instant onchain
Unincorporated Non-profit Associations activate immediately after the $499/yr payment. The $2,000 DUNA upgrade fee applies later when you reach 100+ token holders.
Add-on processing times
| Add-on | Timeline |
|---|---|
| EIN (with U.S. address, form completed) | ~2 business days |
| EIN (without SSN) | Several weeks (IRS manual processing) |
| Virtual Mailing Address | Active shortly after formation |
| Mercury application | Submitted immediately; Mercury review varies |