- In the United States, several incorporated and unincorporated structures exist that provide liability protection. An entity is responsible for filing tax returns, paying tax, reporting the tax obligations of its members or submitting the necessary documentation to maintain tax-exempt status, as applicable. - Regulatory restrictions and dated ... See more
Cayman Islands: - The enactment of the Cayman Islands Foundation Companies Law, 2017, introduced a brand-new form of legal entity known as a "foundation company" allowing it to operate like an incorporated trust while retaining the separate legal personality and limited liability of a company. - Unlike a company, the foundation company can be struc... See more
Switzerland: - Progressive DLT regulations, Favourable tax regimes, friendly regulatory structures, and limited liability, has made Switzerland, one the most sought-after countries to incorporate a DAO.
Problem 2: The need for a central source of truth - A change in plans (whether it was a priority or a launch date) was impossible to coordinate across all of these documents.