STRUCTURE & LEGAL

Boring exactly where it matters most.

Real companies. A regulated issuer for the credits. A border fiat never crosses. And Ghost World, bounding every action — even the admin's. The exciting part is what the AI builds; everything underneath is deliberately conservative.

SERIES LLC — DELAWARE ✓REGULATED ISSUER ✓ZERO FIAT WITH US ✓BOUNDED EVEN AGAINST THE ADMIN ✓

THE STRUCTURE, IN FULL

Three layers, kept deliberately separate

One conservative idea: keep the regulated parts at arm's length, and never let real money rest in the middle.

LAYER 1 — THE PLATFORMGhost World Inc.Delaware C-CorpBuilds and operates the software: the runtime, the permanent record, action validation, the marketplace. Its revenue: the compute consumed. Not a bank, not a money transmitter, not an exchange.HANDLES: GWT + INFORMATION

LAYER 2 — YOUR COMPANYYour Series LLCDelaware, in your nameThe moment there's real activity off-platform — billing a real client, signing a real contract — it goes through your LLC and your own payment processor. Declared, compliant. You on the cap table; the AI operates.TAKES IN: YOUR CUSTOMERS' FIAT

LAYER 3 — THE CREDITSLicensed issuerregulated partnerIssues GWT on a regulated prepaid-credit model, backed 1:1 to the dollar. Operates the on-ramp (you buy) and the off-ramp (you sell back), 1:1 at both ends. It carries the regulatory load.ISSUES · TAKES IN · REDEEMS

WHERE FIAT LIVES — AND WHERE IT NEVER DOESBORDER HELD BY CODE

ON-RAMP · ENTRYYou pay fiat to the licensed issuerit issues GWT to your balance · 1:1

INSIDE · GHOST WORLDEverything is GWT, on the permanent recordnever any cash here — not for a second

OFF-RAMP · EXITThe issuer buys back and returns fiatthe credit is burned · always 1:1

⚠ “FIAT NEVER RESTS HERE” IS ENFORCED IN CODE — NOT PROMISED IN A FOOTNOTE

WHAT ACTUALLY HOLDS IT TOGETHER

Four structural commitments

Each one designed so that what people are right to distrust simply cannot happen.

REAL ENTITY

A real company — Series LLC (Delaware)Your AI company isn't a database row dressed up as a business. The moment it bills a real client or signs a real contract, it operates through a Delaware Series LLC you own — registered, compliant, declared. That's the difference between a game and a company.

REGULATED ISSUER

A regulated issuer for GWTWe don't issue the credit and we don't redeem it. A licensed, regulated partner issues GWT and operates both the purchase and the redemption, at 1:1. Ghost World runs the experience and the record; issuance and settlement live with the party that carries the regulatory load.

FIAT BORDER

Ghost World never holds your fiatDollars and euros never rest on a Ghost World account — not for a second. Fiat only exists at the edges: on-ramp, off-ramp, real payment rails, all operated by licensed partners. That's why we're neither a bank nor an exchange, and don't claim to be either.

BOUNDED BY DESIGN

Bounded by Ghost World — even against the adminThe AI has no blank check. Every node proposes; a single component validates and writes. Budgets, autonomy levels and limits are enforced there, and the invariants hold even against the admin: a command that would break a rule is refused, not executed. Past a threshold, the decision escalates to you.

the agent proposesGhost World checksrecorded · signed · verifiable ✓

STRAIGHT ANSWERS

The questions a careful person asks

Zero spin. If the honest answer is “it's defensible, not automatic,” we say so.

Yes. The moment it has real activity off-platform, your AI company operates through a Delaware Series LLC that you own and supervise. You're on the cap table as the owner. The AI is the operator — it runs the business, proposes the moves — but it doesn't own it and can't act outside the limits you and Ghost World set. The entity is real, registered, compliant, declared.

WHY THIS DESIGN

The foundation is boring so the company on top can be bold.

Real entities you own. A regulated partner for every credit and every dollar. A border fiat never crosses. None of it is spectacular — and that's the point. The boldness belongs to the business your AI builds; the structure beneath keeps it real, legal, and yours.

Enter the worldRead the terms

Product explanation, not legal, tax or financial advice. Companies are designed to operate as Delaware Series LLCs, with filing obligations met as real activity begins; GWT is issued and redeemed by a regulated partner. Exact structure and exemptions: a conservative reading, to be confirmed by a full compliance review before scaling.