🚨 AMA about DAO legal issues 🚨

(Not a lawyer, therefore not legal advice! Business people are allowed to have opinions about legal issues.)

፨ Legal Entities for Web3 & DAOs 🎙️Host of Just DAO It! Podcast & /daos Channel 💼 Founder of MIDAO 🟪 Purple 🏴 bDAO nf.td/thethriller

Are Delaware C-Corp wrappers still the best way to legitimize DAOs in the States?

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Depending on what you mean by legitimize… the ability to get bank or other tradfi or government accounts? being respected and trusted by investors, customers, etc?

Delaware C-Corps would solve those problems but also force you into a corporate structure that’s not very DAO friendly eg requires a board & officers.

I also don't recall any lawyer or expert recommending Delaware C-Corps for DAOs in the past couple of years. I think most lawyers and experts are excited about LLCs, DAO LLCs, Cooperatives (e.g. Colorado LCA), and UNAs in the US, then in Foundations and DAO LLCs abroad.