Legal Analysis of a DAO Business Model
Development of a DAO Constitution
What’s the purpose of this task?
You will need these legal works to understand whether the earnings and spendings of your DAO might be qualified as regulated activities and also what the legal qualification of the DAO might be.
Why do I need to complete this task? What will it allow me to do?
This will help you to:
• Define whether your DAO is a Community / Service / Investment DAO
• Clarify the regulatory and
legal requirements for launching your DAO
When do I need it? When is the best time to do it?
After the community of token holders (a.k.a. your potential DAO members) is formed and the DAO token pool is ready to be transferred to the on-chain DAO Treasury.
How should I do it? Are there any best practices?
The legal qualification of the DAO model should be prepared by the legal providers of the country where you plan to register your DAO company or where most of the DAO members are expected to come from.
What’s important to remember for this stage?
The sources of earnings and the purposes of the spendings of the DAO Treasury are the key criterias when it comes to defining the legal qualification of the DAO model.
How much time does it usually take?
This depends on the country where the DAO company is registered and the complexity of the DAO model. Tasks are usually completed within 1 to 2 weeks, however actual times vary depending on individual project requirements.
Prices for this task start from USD $1500
Prices for add-ons are indicative only. Final prices vary and are set by service providers from the Legal Nodes Network.
Add-ons are only available with a monthly plan from Legal Nodes.
Legal Nodes does NOT provide legal services. Instead, we provide Virtual Legal Officers to orchestrate your legal workload and manage relationships with your service providers. Plans start from $499 per month and gives you access to the Legal Nodes Network of service providers and add-ons, including this one!
