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Dan Romero
@dwr.eth
DUNA AMA @cowriellc and @milesjennings are talking about Wyoming's new legal entity for DAOs!
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Robert Hackett
@hackr
Are DAOs really eligible as nonprofits? @milesjennings @cowriellc
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David Kerr
@cowriellc
Nonprofits are commonly mistaken as being synonymous for tax-exempt entities. Although nonprofits can be tax-exempt, they are not neccessarily. In contrast, nonprofits are a matter of state law around how the profits are utilized (in the case of the WY DUNA - distributions of profits to members is prohibited).
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