# kaal:claim:3962614-034

**Claim.** A VC DAO needs a legal wrapper in order to interact with the real world, because otherwise everyone involved in the DAO may be jointly and severally liable in any jurisdiction.

**Type.** condition  **Support.** argued

**Holds when.**

- DAOs transacting with counterparties in the offchain world

**Source quote.**

> In order to interact with the real world, the VC DAO needs a legal wrapper. Otherwise, everyone involved in the DAO may be jointly and severally liable in any jurisdiction.

**From.** Wulf A. Kaal, *REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu* (2021), V.3. Hybrid VC Model with Smart Contracting, page 20

**Cite as.** Wulf A. Kaal, REPUTATION AS CAPITAL – How Decentralized Autonomous Organizations Address Shortcomings in the Ventu (2021). SSRN: https://ssrn.com/abstract=3962614

**Verify.** sha256 of source PDF `c6e202e77fd08db801f932774026458b94e5d103abf30cb1189fe6a1c5edf391` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202021%20-%20REPUTATION%20AS%20CAPITAL%20%E2%80%93%20How%20Decentralized%20Autonomous%20Organizations%20Address%20Shortcomings%20in%20the%20Ventu.pdf

**Failure mode.** Unlimited joint and several DAO liability  (family: legal-personality-and-liability-gap)

**Topics.** law-and-legal-systems, dao

**Keywords.** legal-wrapper, dao-liability, swiss-association, legal-structure

**Related claims.**

- specializes: https://wulfkaal.github.io/claims/3652481-025
- specializes: https://wulfkaal.github.io/claims/3799320-018
- supports: https://wulfkaal.github.io/claims/3652481-003
- extended_by: https://wulfkaal.github.io/claims/5254152-015

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.