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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 [1] and in 2010 the Icelandic Modern Media Initiative began drafting legislation based on the Vermont law which would allow virtual companies in ...
Virtual business. A virtual business (short: virtubis) employs electronic means to transact business as opposed to a traditional brick and mortar business that relies on face-to-face transactions with physical documents and physical currency or credit.
A virtual business model is a way to organize a startup company . In the virtual company, the utilization of the financial resources can be optimized with cost-effective product development as a result. This business model is defined using several criteria; the company has a limited number of employees; the management has competence for product ...
Virtual address refers to an address identifying a virtual, i.e. non-physical, entity. For example: Virtual address space in computing. Virtual address translation to physical address in computing. Virtual postal address, see virtual mailbox or commercial mail receiving agency. Virtual business address, see Virtual office.
Virtual business incubator. Business incubators began in the 1950s and took off in the late 1990s as support for startup companies who need advice and venture capital to get their ideas off the ground. As the dot-com bubble burst, many high-tech business incubators did so too. Today, the model of a business incubator is changing.
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