Foundation Formation

A foundation company can be used for private, commercial or philanthropic purposes. It has the well-known advantages of being a company and it is subject to long-established legislation. We have set up many foundation companies for blockchain decentralized autonomous organizations (DAOs) plus ongoing support services.

We also provide advisory services to DAO's and act as directors to provide robust and independent governance. 

 

Why have a legal entity?

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Having a legal entity that represents the DAO in the "real world" is valuable for a number of reasons:

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• It provides limited liability to DAO participants for the actions of the DAO. Without a legal entity, participants may be individually held liable for anything the DAO as a whole does.

• It is capable of complying with taxation requirements - without a legal entity, DAO participants may be held liable for a proportion of the DAO's income, even if they are not able to access these funds.

• It is capable of entering into contracts with other "real world" entities, of holding assets (including IP rights), and so forth.