Wyoming’s DAO Supplement to LLC Chapter
The DAO Supplement bill defines DAO as Limited Liability Company (LLC). This means a lot to the Crypto developers, believers and enthusiasts. Now DAOs have a definite legal structure and most importantly the uncertainties revolving around liability and taxation or sorted.
While there is still a long way to go in terms of legals, at least some major issues are addressed through the first ever legal identification and accommodation for DAOs in the US state of Wyoming.
What does it mean for DAO members/crypto holders?
What does it mean to DAO/cryptocurrency creators and developers?
How to register a DAO LLC in Wyoming?
The articles of organization require to include further information on smart contracts and others. To know more, get in touch with us for free.