Previous to meeting with Otonomous we met with ****Michelle to find some legal avenues open to us:
Meeting summary of 3 options: 3 months to set up a real DAO in Switzerland for €30,000 ie, a legal security crypto token with a ‘no action’ letter
Create an Inc in Estonia or Malta to sign agreement with 6th wall because it is fast, cheap and with lower taxes
Look at sushiswap structure, duingood,
Actions Required:
DAO is voting, membership and governomics
List: Identify who are the membership and where do most of them live. Numbers in different countries.
Doc: We need a more formal defined structure with procedures in place to continue.
Design:
Secure checks and balances,
Fair procedures
Membership rights, roles, quorum
Employment? must mitigate risk
Han: On chain with an LLC listed for contracting purposes and registered through Wyoming. There are other formations but for where Metawood is starting this is the easiest path forward. They also recommend testing the on chain option which @Ian is trying out.
Registration - through their dash portal can make sure the LLC has its business license active
Best place is website and they are asking others if they can share
Within a week or two