kaal:claim:3799320-009

Default general partnership treatment would hold every stakeholder of a DAO liable for any debts or legal actions the DAO faces, exposing known participants to regulatory enforcement and civil actions.

Many courts and lawyers would describe the relationship between members of a DAO and their investors as the default general partnership which holds every stakeholder of a DAO liable for any debts or legal actions that the DAO may face.

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

• no legal entity formed
• U.S. partnership default rules apply

failuresupport: evidencedfailure: Unlimited partner liabilityfamily: legal-personality-and-liability-gaplaw-and-legal-systemscompliancerisk-and-incentives

• extends kaal:claim:3652481-040 Without a legal wrapper, DAOs face potential regulatory enforcement actions and civil liability not only at th...
• supported_by kaal:claim:5254152-035 A DAO registered in a jurisdiction without DAO legislation risks default treatment as a partnership under exis...
• extended_by kaal:claim:5254152-028 A DAO operating without a legal wrapper risks being deemed a partnership by estoppel in legal disputes, exposi...
• specializes kaal:claim:3652481-014 Where no legal entity is involved, partnership rules operate as the default rules that apply to all interactio...

The quote above is an exact substring of the source PDF, whose sha256 is c3dff852f2d3f04718c829a24189309a7db4d92d84f6045d3d4f562d87c03e63. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/2c18948e1690e53a...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3799320-009.md | sha256sum