Virtual limited liability company
Open-knowledge reference entry
A virtual limited liability company (VLLC) is a type of legal entity that does not require a physical presence or in-person board meetings. The company type was first legalised in Vermont, USA in 2008 and in 2010 the Icelandic Modern Media Initiative began drafting legislation based on the Vermont law which would allow virtual companies in Iceland.
The project, which was started by MP Birgitta Jónsdóttir (chairman), information activist Smári McCarthy and others was later succeeded by the International Modern Media Institute and is currently ongoing.
Begin with the source’s own compact description: “Virtual limited liability company” is open-knowledge reference entry. The dossier treats that line as a proposition to test through Virtual, limited and liability, not as a finished interpretation.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Jun 8, 2025. The linked authority identifier is Q7935132. None of the 0 selected statements returned an explicit reference. The first chronological checks are 2008 and 2010.
The absence of detail may reflect summary conventions rather than a lack of surviving documentation. The lead is largely declarative, so disagreement and counter-evidence require a deliberate search beyond the opening account. Authority statements aid reconciliation but still require their own references, qualifiers and ranks to be checked.
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This entry incorporates text from “Virtual limited liability company” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.