kaal:claim:3799320-008

If DAO members do not formalize a legal structure for their entity, courts are very likely to impose one on them, which is a serious risk of DAO membership.

However, a very serious risk is associated with DAO membership in the sense that if the DAO members do not formalize a structure for their human-created entity, courts are very likely to impose one for the members of the DAO.

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021), Regulatory Uncertainty, p. 7
https://ssrn.com/abstract=3799320 · source PDF

Wulf A. Kaal, A Decentralized Autonomous Organization (DAO) of DAOs (2021). SSRN: https://ssrn.com/abstract=3799320

• DAOs with no off-chain legal entity
• litigation reaching a court

predictivesupport: arguedfailure: Court-imposed entity formfamily: legal-personality-and-liability-gaplaw-and-legal-systemsrisk-and-incentives

• restates kaal:claim:3652481-013 If DAO members do not formalize a structure for their human created entity, courts are very likely to impose o...

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