How to Do Business as a DAO


Nevertheless, utilizing such a “bridge entity” is inefficient, cumbersome and sacrifices most of the key advantages that make DAOs particular. Instead, DAOs ought to, like different varieties of enterprise associations, be free to enter into a contract immediately, both by way of delegated authority or by passing a formal proposal. To the extent relevant state legislation wouldn’t allow a DAO to enter a conventional industrial association with out sacrificing its members’ private legal responsibility, the legislation needs to be up to date.