Self-owning corporations are legally possible
The article seems confused...the title references <i>ownership</i> and the abstract is not about ownership at all but about control of LLC’s and in a legal context ownership is distinct from control.<p>Otherwise the article is based on a false premises:<p>>Third, governments — particularly in the United States — lack the ability to determine who controls entities they charter<p>Take Florida.  Florida’s Limited Liability Company Act regulates who can be a manager (i.e. who controls the LLC).  In fact the act creates 2 types of LLCs as most states do, member managed and manager managed.  In one non-members can not be managers (control) the LLC.<p>Outside of the LLC, almost every statute regulates who can <i>control</i> and who can <i>own</i> a business entity.  For example, a non-profit corporation has no <i>owners</i>.  Although states do differ, generally by statute, a non licensed person cannot be the owner of a professional service corporation, professional association, or professional limited liability company.  Though generally those professional entities can have non-licensed directors, officers, or managers.  State laws also generally include restriction on minors being directors, officers or managers, but they can usually be owners, although it gets tricky where they are the sole owner because legally they can’t even sign contracts/formation documentation (though still legally possible).<p>Point is Governments are well equipped to regulate who can own or who can control any type of business entity.<p>What is possible, and I have written legal articles about, is to have autonomous trusts, or what I call the <i>trusteeless trust</i> but my examples and use cases are limited to the trust being funded solely with cryptocurrencies/tokens.