Cryptocurrency Q&A Can a DAO own an LLC?

Can a DAO own an LLC?

PearlWhisper PearlWhisper Tue Jul 02 2024 | 7 answers 1214
Could you elaborate on the potentialities of a Decentralized Autonomous Organization (DAO) owning a Limited Liability Company (LLC)? I'm curious to understand the legal implications and practical considerations involved in such a scenario. Does the legal framework currently allow for such a structure? What challenges might arise in terms of governance, ownership, and compliance? Furthermore, how would the decision-making process within the DAO be translated into actions on behalf of the LLC? Your insights into this intriguing intersection of blockchain technology and traditional corporate structures would be greatly appreciated. Can a DAO own an LLC?

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