# kaal:claim:5254152-034

**Claim.** Adopting a conventional corporate form in a jurisdiction that does not recognize DAOs yields only partial legal protection; Silo Finance is registered as an LLC in Texas, but Texas does not recognize DAOs.

**Type.** failure  **Support.** evidenced

**Holds when.**

- DAOs incorporated in jurisdictions lacking DAO specific recognition

**Source quote.**

> Registered as an LLC in Texas, it offers some legal protection, but Texas does not recognize DAOs (R: 5)

**From.** Wulf A. Kaal, *DAO Market Meta Analysis 2024* (2024), APPENDIX A: DAO Dataset, Silo Finance, page 45

**Cite as.** Wulf A. Kaal, DAO Market Meta Analysis 2024 (2024). SSRN: https://ssrn.com/abstract=5254152

**Verify.** sha256 of source PDF `bb2052d809a4615f0f3e2526ba6416293c40d00260149ba4fe6f38addf052796` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20DAO%20Market%20Meta%20Analysis%202024.pdf

**Failure mode.** jurisdictional non recognition of DAOs  (family: legal-personality-and-liability-gap)

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

**Keywords.** legal-wrapper, jurisdiction, regulatory-compliance, dao-law

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