🏛️ Idle DAO LLC

[Biaf]

References

• Idle DAO incorporation in the Marshall Islands post
• Idle DAO LLC: Operating agreement post
• Idle documentation: Idle DAO section in the Governance chapter

Background

@Biaf

After the positive feedback received from our community regarding the intention of incorporating the Idle DAO in the Marshall Islands

@Biaf

Finally, we came up with a solution that should help our DAO have a formal legal wrapper without adding too many legal burdens. The selected solution aims to incorporate the DAO in the Marshall Islands with a not-for-profit structure supported by the MIDAO.

We have kept working with legal advisors and today we can present a step forward in the incorporation of our DAO: the Operating Agreement of Idle DAO LLC.

Idle DAO LLC

This post formalizes the incorporation of the Idle DAO in the Marshall Islands with the following specs:

• Name: Idle DAO LLC
• Address: Long Island Road, Majuro, MH 96960, Marshall Islands
• Licence duration: 5 years from 2023-06-22T22:00:00Z

Legal documents, such as a copy of the Operating Agreement, the FIBL certificate and the Corporate Charter are available in the Idle’s documentation.