DictionaryForumContacts

   Russian
Terms for subject Digital currencies, cryptocurrencies, blockchain containing оболочка | all forms
RussianEnglish
организационно-правовая оболочкаlegal wrapper (What is a DAO Legal Wrapper? A DAO legal wrapper is a legal structure, or a collection of legal entities, that provide a DAO with a recognized legal status under the jurisdiction of a specific place oof incorporation. It essentially "wraps" the DAO within a legal framework that bridges the gap between traditional corporate structures and the decentralized nature of DAO operations. This wrapper enables the DAO to interact with the traditional legal system, ensuring compliance with regulations and, most importantly, protecting the rights and interests of its members.: Some offshore legal wrappers, such as an ownerless foundation or special purpose trust, may not be available or tax efficient for projects with significant US-connections. Conversely, projects that don’t have a significant US nexus may want to avoid relying on US-based legal wrappers in order to lower tax and liability exposure in the US. DAOs should therefore design the governance mechanisms controlling their legal wrappers to ensure that they don’t inadvertently hamper the effectiveness of their legal structure. paradigm.xyz 'More)