TheThriller 🎩 Adam Miller on Warpcast

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Hey Nouns, Recently, I’ve taken an interest in following this channel and commenting on various posts due to my work with legal entity solutions at @midao. Since then, @thethriller and I have spoken to a few Nouns members about our offering, and they recommended we post here for total clarity and to potentially provide some insights. Before I begin, I want to be fully transparent and upfront with everyone as a sort of “disclaimer.” I’m biased—strongly so. I believe the Marshall Islands DAO LLC is the best entity to incorporate a DAO, which is why I work at MIDAO. Furthermore, I’m not a member of the Nouns, nor is anyone on our team. We may not have all the details or context compared to DAO members, but based on the discussions I’ve seen in this channel, I’d like to provide additional information about MIDAO.

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The main points that came up in discussions I had with Nouns members or comments I saw on this channel can be categorized into four bullet points. There are many other pros/cons worth referencing, but I'm trying to distill the conversation without being reductive. I think @noun40 does an excellent job of also breaking down these points in his thread on the DUNA, which is well-written and presents a compelling case. Please read @noun40's thread here: https://warpcast.com/noun40/0x6eb6498b; I'll reference it throughout this thread, where I discuss the four bullet points in the casts below.

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is the managing member of a midao the same as the beneficial owner? cc @thethriller @w-g

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TheThriller 🎩 Adam Miller pfp

TheThriller 🎩 Adam Miller

Beneficial Owners of a MIDAO DAO LLC are defined as: A) Anyone holding 25%+ voting rights (possibly no one) B) If none in (A), then all Managing Members, if you have any (you are not required to have Managing Members at all)

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TheThriller 🎩 Adam Miller pfp

TheThriller 🎩 Adam Miller

(So you can potentially have no beneficial owners!)

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