They have put hardly any of the paperwork associated with companies on the blockchain. Here's my brief comparison between The DAO and some of the features of re

They have put hardly any of the paperwork associated with companies on the blockchain. Here's my brief comparison between The DAO and some of the features of regular corporations: http://www.cameronhuff.com/blog/slock-it-dao-paper/index.html http://www.cameronhuff.com/blog/slock-it-dao-paper/index.htm.... This is more like a group of people pooling their money to invest. A savings club. The contract also gives them the right to withdraw their money if they don't like the direction it's headed. Furthermore it's not a corporation. A "corporation" requires complying with a number of jurisdiction-specific rules (such as filing fees and certain paperwork). If you don't complete the steps, you generally don't have a corporation. In some places you would have a partnership or some other structure that's different from just a group of individuals. The laws differ by jurisdiction.