Colorado partnership policy reveals unknown DAO

Cities like Decentralized Autonomous Organizations (DAOs) are unique and different from traditional American organizations.

There is currently no new legal framework to meet the new DAO requirements, and this article examines why the current Joint Legislative Assembly (LCA) can provide the DAO with the most recent legal procedures.

LCA Communctivate the law to DAO to communicate similar to Dao or all these activities in the standards.

The evolution of company data

The company is one of the most important inventions in history. Businesses allow people to create legal entities different from their own when given rights as individuals, such as having assets, paying taxes, accessing documents, contracting, and having the rights of owners.

Co-operatives, as a business model, have been part of the landscape industry in the United States since the 18th century, but modern business associations have started to flourish over the years. The joint venture spans every industry, from manufacturers to consumers, employees to multiple partners and organizations, and has now entered the digital sector in the form of "platform cooperatives" such as Stocksy United [1] and Savvy cooperatives . To do. 2] and Fairbnb.coop [3].

Participants differ from other business models in that they are created by members and members can volunteer. Although there is a partnership between the operators, the partners must be governed by their members and the members must be involved in the management of the partnership. Finally, the different affiliations of the participating organizations are always present because they are companies owned and controlled by their users.

The first principles of cooperation were the Rochdale Principles (1844 Rochdale Principles), which extended the following principles to define cooperation.

voluntary and public membership;

control the independence of members (control membership in an organization);

Involvement of member companies (gains and losses from members' activities);

freedom and independence (not controlled by the trader);

education, training and materials (such as training on governance and the political benefits of cooperation);

involvement of participation;

enjoy the community.

DAO represents a further transformation of the business model that facilitates the creation of conflict-ridden communities and partnerships that participate in decision-making and asset management. While there is currently no similarity and legitimacy to DAO, at its initial stage DAO is a business exchange group working together for a common cause. Given the similarities between DAOs and existing partnerships, we believe partnerships are the safest and most reasonable option for DAOs.

Partenariat Colorado

The most important new developments for partner organizations, especially DAOs, are currently being implemented by Limited Organizations (LCA).

The LCA is a link between a limited liability company (LLC) and a legal person. A legal person is formed by a legal person which is not a legal person. As with corporate responsibility, members of the business community can redistribute funds to sponsors and non-sponsors, and voting rights to trustees. doing business, following the rules of cooperation. They differ from liability companies which have no repayment obligations in terms of sponsorship activities, voting as a member (a voter) or support, and allow the integration of DAO policies such as pensions and secondary vote. .

Just as international startups choose Delaware as the right to register or start a business, so do DAO and Colorado.

The DAOisation of decentralized resource cooperation would be more in line with Colorado laws and regulations, in particular the Uniform Limited Cooperative Association (CULCAA). And just as international start-ups choose Delaware as the right to register or create businesses, so do DAO and CULCAA. It is necessary for the global distribution network [5] because it is not necessary to be in Colorado or the United States to set up the Colorado LCA [4].

The principles of CULCAA overlap with those of DAO.

They applied Rochdale's original principle network (listed above) to the modern affinity network and developed the authorization process.

They follow the principle of voting.

They maintain less accountability for members and make it easier to use organizational resources.

Information management can include self-management capabilities.

They have the ability to raise funds and issue digital tokens to a fixed currency account while establishing exemptions for state and federal registrations [6].

And most importantly, the DAO governance protocol can be created in the charter of collaborations that allow voting based on electorate, holographic approval, authorization against majority (Moloch DAO) or vote of confidence. In fact, decisions can happen both on-chain and off-chain, with “big decisions” being closed or just on-chain.

Transform DAOs into collaborations

The Colorado Co-op Charter can be used in any industry, from retailers and owners to brewers, craft beer and more, and related groups. tsim. Colorado DAO participation in the form of LCA is already available to freelancers, NFT holders, environmental incubators, and other staff and project-driven initiatives.

Below are examples of the different types of collaborations that have always existed and how they are used for DAOs.

Consumer Co-operatives: These partners sell products and / or services to members similar to REI, a popular outdoor joint venture. Example of DAO: DAO performed by clients NFT, which would be similar to Flamingo DAO, has set up a partnership to buy NFTs. These NFT clients are members of the DAO and in the past could purchase NFTs directly from the DAO.

Cooperative developers: These partnerships generally have a sales or marketing relationship with their members. Examples of DAOs: NFT artists create partnerships, become members of partnerships and co-create NFTs. The agency sells the work on behalf of the artist and distributes the profits to the artist.

Work Partners: These partners hire employees, employees or freelancers. DAO Example: Designers create collaborations and are members of collaborations that have contracted with third-party operations such as Raid Guild and dOrg to work. Creators pay an hourly rate for their contributions to the functioning of the partnership, while receiving the rest of the work (benefits after deduction of costs) in the form of a donation. .

Purchase or Share Services: These partners follow the B2B group to buy cars for their members (usually legitimate organizations). DAO Example: A small cryptocurrency company develops a partnership that can benefit from a reduced price for its employees.

Multi-stakeholder cooperatives: These partnerships bring together members of more than one group, including the various categories listed above. These members have different responsibilities and interests and benefit from them at the same time. DAO Example: Similar to the collaborative staff described above, you can accept classes of non-members such as salespeople or salespeople.

DAOs can apply collaborative models for all or part of their operations. These activities include licensing, maintaining intellectual property, hiring and hiring staff, distributing grants or paying taxes. These benefits can also be achieved through partnerships, which are partnerships created by members [7]. In these models, various activities can be distributed among the different types of participants responsible for critical participation.

Current DAO collaboration uses data based on ULCAA

Two examples of recent work with DAOs are the Job Community and SongADAO.

Municipalities of employment (LCA)

The LCA (“Community”) model of community action is a multi-stakeholder initiative. The clear objective of this DAO partnership is to establish a collaborative and legal framework supported by collaborative work and support organizations with a firm objective of achieving this. to benefit from the advantages of the actors of the ecosystem with incentives and quality customers. Infrastructure Public services Employment Modification of infrastructure [8].

There are two types of members in a church. He is an employee [9] and a member of the team [10]. An employee is a person who uses a legal shield against the liability of a company or business to provide services to another company (such as a self-employed employee) and participates in DAO participating in benefits such as salaries and l 'Health Insurance.

Community businesses are similar to PEOs, which are DAO affiliate businesses. By becoming a member of the employer, you can communicate with your member representative to obtain employee benefits and adjust support to regular work. . On the other hand, Alliance members are individuals or groups who have the support of DAO participation and recommend new employees to expand the reach of DAO participation. . DAO Cooperatives rewards two types of members with a symbol called $ WORK, which is a unit of account for salaries, and aims to reward all members of the energy ecosystem.

Chanson Dao

SongADAO's mission is to "help as many people as possible to hear" the song of the day "and post daily memes. [11] SongADAO is developed by consumers. The developer of DAO Collaboration Songs One DAO transfers these songs on NFTs and then sells the NFTs to consumers. Customers who wish to identify themselves on the platform can become members. and can vote for members The level is the consumer but provides the data that will determine if you can vote for them voting rights and use the cooperative DAO creator of funds.

By using the benefits of DAO to change structure and form, the activities of these DAO organizations can be transformed into a multi-faceted form of business partnership and membership relationships.

Is the LCA Design Standard for DAO Irresponsible?

The digital community has heard a clear call to develop and develop new legal frameworks to meet the needs of the Internet or smart community contracts to provide these digital legal entities, restrict liability protection, distribute liability and allow tokens. . Guidelines for managing community finances.

Prior to developing this framework, we believed that the LCA cooperation model was the most suitable and flexible option for many DAOs. The LCA model, in combination with other solutions (such as community legal payments and / or personal insurance) will make DAOs more realistic in their goals and legitimacy. . We will continue to research and develop solutions based on these standards.

We hope this article will follow the implementation and preliminary guidelines for DAO participation. However, in our experience, pure cooperation, pure DAO cooperation, and DAO partnerships cannot be achieved to all over the world, and the solution of DAO and those responsible for organizational problems should discuss specific standards with competent lawyers.

Jacqueline Radebough is an attorney for Jason Wiener PC in Boulder, Colorado. Yev Muchnik is a security attorney for a company based in Denver, Colorado.

We would like to thank the DAO research team for supporting this article. The authors would like to thank Connor Spelliscy, Sam Vance-Law, Spencer Graham, Bill Warren, Auryn Macmillan, David Kerr, Morshed Mannan, Erika Sato, Samuel Gray, Adam Kay, and Nathan Schneider for their review and comments.

Siv:

[1] Provides "an excellent collection of invaluable images and videos".

[2] Collaborate with a wide range of research partners who make it easy for industrial and technology companies to develop new patient and user research to ensure that the products they bring to market are patient-centered and patient-centered.

[3] Honesty and fairness to Airbnb.

[4] Jason Wiener, Linda Phillips, Colorado - “Delaware Co-operative Act,” The Benefits of Creating Colorado Co-operative Workers, 5-5 points. Staff Update (May 29, 2018), https://medium.com/fifty-by-fifty/colorado-the-delaware-of-cooperative-law-babedc9e88eb

[5] We believe that these communities do not need to take into account the different laws of each state. They can work in any state and are still eligible under Colorado law. In this case, they must take the form of a foreign country. Although it is legal in the state where it has employees, it must comply with Colorado domestic law.

[6] In a joint venture, a sponsor is a person who purchases (or uses, sells or supplies) a product or service as part of a partnership.

[7] Joint ventures include central offices (such as buying books, or all other members need products or services for their own business), including other uses of the resources and energy of stakeholders.

[8] Based on integration material.

[9] means a limited liability company or other legal entity which complies with the conditions of membership.

[10] Refers to a person or organization that meets the conditions for membership.

[11] As set out in the Participation Agenda was adopted on May 11, 2021.