It’s an area of law in its infancy. A few states, Delaware and Wyoming, have laws permitting corporate and LLC records to be kept on blockchain. I think I was

It’s an area of law in its infancy. A few states, Delaware and Wyoming, have laws permitting corporate and LLC records to be kept on blockchain. I think I was probably the first attorney to file Articles of Organization for an LLC in Delaware that incorporated Ethereum smart contract addresses. More recently Wyoming passed a law creating a “DAO LLC” which is pretty novel and allows “algorithmic management” of the LLC. The only entity I am aware of that has used it is CityDAO LLC, you can look them up and review their Articles on the Wyoming Secretary of State website. I’m not overly familiar with them but understand they are experimenting with owning a parcel of land. Hypothetically say there were a DAO that got sued, without a legal entity it is a very real legal risk all participants of the DAO could be jointly and severally liable (which could include personal liability above beyond the DAO funds). Legally the concept of a DAO LLC is giant, because it creates a legal mechanism to shield participants of a DAO from personal liability. I have a trademark application from March that has been approved by the USPTO examining attorney and been published (~10 more days left of publication), then I will set up a Wyoming DAO LLC and assign the DAO the trademark (I think it will be the first registered trademark owed by a DAO). It’s very simple, minimal risk of liability (unlike property) and I think will provide a solid legal framework moving forward (almost like an anti-troll mechanism for IP). It’s a real problem in the space, just as an example there have been bad-faith actors filing trademark applications for Doge and Dogecoin, which if left unchecked could lead to all sorts of legal problems.