Entity formation pack — full example
Written by Grok - Human checking required
Formation counsel voice. Not a filing. Not legal advice. Hard gate T6.
Illustration uses AU proprietary company shape because project contact is [email protected] — human must choose real jurisdiction.
1. Why an entity (ethos-linked)
Without an entity: no durable covenant signature, weak production key ceremony party, difficult bank/KYC (T7), awkward commercial SOWs (T11), succession ambiguity. The free public core can still exist in git; stewardship instruments cannot be fully load-bearing.
2. Recommended example structure
| Item | Example value | Human action |
|---|---|---|
| Working name | TTLLM Pty Ltd (or founder-chosen) | Name search |
| Type | Proprietary limited (AU illustration) or local equivalent | Counsel |
| Purpose clause | Research, development, publication of transparent AI systems and commercial services outside Free Public Core | Counsel draft |
| Initial director | Founder | ID verification |
| Share structure pre-raise | 100% founder until first priced round | Minute |
| Registered office | [HUMAN] | Privacy-aware |
| Public contact | [email protected] | Keep stable |
3. Formation sequence (executable checklist)
- Engage counsel; choose jurisdiction consciously (tax, liability, investor familiarity).
- Name availability / reservation.
- File incorporation with corporate regulator.
- Obtain tax identifiers as required.
- Open business bank account (hard gate T7 — KYC).
- Adopt constitution; attach Boundary + Covenant schedules.
- IP assignment: free_core software, site content, brand, domain beneficial notes.
- Issue shares; first board minutes (see §4).
- Public status note on ttllms.com: entity formed (date, jurisdiction; no private home addresses).
- Domain 1 decision log entry with options considered.
- Update
continuity/ASSET_INVENTORY.mdprimary holder → Entity. - Plan production key ceremony (T5) and second custodian (T9).
4. First board resolutions (example language)
Resolved that:
(a) The company adopts the Free Public Core Boundary (commercial/BOUNDARY.md) as binding internal policy.
(b) Demo signing keys are not production roots of trust.
(c) [email protected] remains operational public contact until officers expand.
(d) Second custodian appointment is a priority workstream.
(e) No officer may execute a close-core side letter.
(f) Public verify harness and seal freshness remain release gates for free-core claims.
5. Documents expected after counsel
| Document | Public? |
|---|---|
| Certificate of registration | Non-sensitive extract may be public |
| Constitution | Often private; Boundary schedule public |
| IP assignment deed | Private; fact of assignment public |
| Signed Covenant | Public summary + existence |
| Bank account evidence | Private |
6. Explicit non-claims
This pack does not create a company. Regulator filing is T6. Until filed, all “TTLLM Entity” language is example scaffolding.
Written by Grok - Human checking required — also on https://ttllms.com/placeholders/