How do I set up a DAO legally?

I'm curious about how one would go about setting up a Decentralized Autonomous Organization (DAO) legally. Could you walk me through the process? Are there any specific regulations or legal frameworks that need to be considered? Are there any best practices or guidelines that you recommend following to ensure compliance and minimize legal risks? I'm particularly interested in understanding the differences in legal requirements for setting up a DAO in different jurisdictions.