LXDAO legal entity discussion

IMO, this will be a required step if we want to grow bigger. Some businesses or grants need an entity for taxation, etc. And the entity should be a bridge between the virtual DAO and reality matters.

The DAO shadow company should be controlled by DAO governance, and granted by the DAO treasury.

Absolutely. We need to build a consensus to have the shadow DAO company. Also, we need tokens from the DAO treasury.

Yes, it is needed. No VCs dedicated to investing DAO ATM. The common way is to register a BVI for most Web3 projects. The difficulty is that we are a DAO rather than a centralized team.

I would like to see it. This is super simple and easy, focusing on creating values. But unfortunately, if we want to grow bigger, we have to handle some shitty reality things like investment, taxation, contracts with non-web3 businesses, KYC, etc.

No one thought that DAO members would have unlimited liability until this case came out https://forum.ooki.com/t/future-of-ooki-dao/456. Although we won’t do something bad, it is a big risk if it happens.