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Should Decentraland DAO be incorporated?

RejectedPoll

Proposal Details

Author0xd11a…1f49
PublishedJul 11, 2022 13:53
Voting beginsJul 11, 2022 13:53
Voting endsJul 16, 2022 13:53
Snapshot#fkreig3

Description

Some jurisdictions are becoming DAO-friendly, check Marshall Islands and Wyoming as two options. The benefits for the DAO: * Hold Intelectual Property * Have a legal entity and a bank account * Limited liability to individual contributors More Info: * [Marshall Islands Amendment](https://drive.google.com/file/d/1dlLt8wKcDf99SKuii5SjLIzwkWI1_fwv/view) * [MIDAO Presentation Deck](https://docsend.com/view/i3pps87mjsu6pkdf) * [MIDAO Operating Agreement](https://docsend.com/view/543jpjfhvvh4wzk6) I found MIDAO people in NYC and they suggested this course of action. I'm wondering how the community members feel about the idea of being incorporated.

4 Comments

daoJul 19, 2022

Should Decentraland DAO be incorporated? This proposal has been REJECTED by a DAO Committee Member (0xfe91c0c482e09600f2d1dbca10fd705bc6de60bc)

daoJul 16, 2022

Should Decentraland DAO be incorporated? This proposal is now in status: FINISHED. Voting Results: * Good idea 1% 52 VP (4 votes) * Good idea, with concerns 7% 132,790 VP (5 votes) * Bad idea 92% 1,639,833 VP (4 votes) * Invalid question/options 0% 0 VP (0 votes)

MorrisMustangJul 13, 2022

The DAO committee needs to decentralize more if it doesn't want to be concerned with jurisdictions.

maraozJul 11, 2022

Sounds like a great idea. My only (big) concern is: would this give whatever jurisdiction is chosen to legally incorporate the DAO any leverage over the DAO? (eg: ability to claim taxes on its income, or bind the DAO to comply with local laws of that jurisdiction?). This could become problematic if for example the DAO is incorporated in USA and because of sanctions, the DAO can no longer make payments to Iran, Russia, etc. see: https://en.wikipedia.org/wiki/United_States_sanctions If this moves forwards, we should look for a neutral and "lightweight" jurisdiction. (maybe Marshall Islands, as you mentioned)