If you read the website about the deadfoot arms device, you will understand that it is a very invasive modification.
It removes the buffer tube, spring and buffer completely. You have to send in your bolt carrier for modification. You no longer have an AR style gun.
I would be a bit wary of reliability and functionality after that amount of hacking.
If you want something with a folding stock, that can be fired with the stock folded, you really want to look at other types of gun - maybe a sig MCX, or even AK.
With a Law Tactical folder, you can't fire with it folded (well, you could, just once, then you would need to extract the bolt carrier from your face).
However, moving it from the folded to the operational position takes about one second.
If this is for home defense, why do you even want a folding stock?