A legal entity for the Bankless DAO in the off-chain world

[Eagle]

@hamish.eth

Is there really all that much to gain from setting up an entity at this stage?. I say we stay unregulated and observe how things play out for other DAO that have legal entities. I’m sure in a few year’s time we will have a better idea of which countries are more open to allowing DAO’s to have mobility.

Everyone interacting with the DAO as a sole trader is more a decertrilized structure and doesn’t allow for the single point of failure that a seprate entity would have. It solves tax as we’d file income as individuals.
I don’t really see much of a downside of a sole trader approach although I am not a Lawer. @Eagle are there any reasons you can think of that a sole trader or company that interacts with the DOA, couldn’t just use the dao’s branding and open the same opportunities as applying to them from a central entity?

I agree that the first point is understanding whether we really need a legal entity. At this stage, it doesn’t seem to be the case. I agree. I think that Bankless LLC supports the DAO in the off-chain world only for small/insignificant payments.
Nevertheless, things may change and I think that we should be ready to take a decision in case of need. Therefore, I would definitely further explore both options (US and Swiss).