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3 results

  • 3 - In the Company of Robots

  • Shawn Bayern, Florida State University
  • Book:
    Autonomous Organizations
    Published online:
    01 October 2021
    Print publication:
    14 October 2021, pp 46-75

  • Summary

    This chapter lays out a transactional technique by which any existing natural or legal person can create an autonomous organization – specifically, an LLC with zero members controlled, as a matter of internal governance, only by software. The technique works under existing law and can be used with software without regard for the software’s “intelligence.”

Autonomous Organizations
  • Shawn Bayern
  • Published online:
    01 October 2021
    Print publication:
    14 October 2021
  • Under current business law, it is already possible to give legal personhood, or a very close surrogate of it, to software systems of any kind (from a simple automated escrow agent to a more hypothetical, truly smart artificial intelligence). This means that, for example, robots could enter into contracts, serve as legal agents, or own property. Ultimately, entire companies could actually be run by non-human agents. This study argues that this is not as scary as it might sound at first. Legal theorist and noted software developer Shawn Bayern argues that autonomous or zero-person organizations offer an opportunity for useful new types of interactions between software and the law. This creative contribution to the theory and practice of law and technology explores the social and political aspects of these new organizational structures and their implications for legal theory.