In this episode of The Legit Ledger, Sheppard Mullin attorneys Alex Lazar and Gabe Khoury discuss the legal issues surrounding Decentralized Autonomous Organization or DAOs, including the manner in which DAOs function, the types of legal structures popular with DAOs, and important considerations for individuals thinking about creating or joining a DAO.

What We Discussed In This Episode:

• What exactly is a DAO?
• What happens when a member of a DAO proposes a rule?
• What types of proposals can a DAO's members make?
• What are some legal structures popular with DAOs?
• What are the advantages and disadvantages associated with these different structures?
• Is the co-op structure a good fit for a DAO?
• How can a DAO's members decide which structure is best for them?
• What practical guidance would you offer someone planning to join or create a DAO?

About Alex Lazar

Alex Lazar is a partner in the Corporate Practice Group in the firm's New York office, where he leads the firm's Emerging Company & Venture Capital Team and the Blockchain & Fintech Team. Alex advises clients on a range of matters from startup through IPO, including company formation and founder matters; seed, angel, venture capital, growth equity, and other capital raising transactions; mergers and acquisitions; technology and brand licensing; and other complex commercial transactions, including joint ventures, development, collaboration, and consulting arrangements. He also represents clients in structuring token rights and various matters involving token issuances and token and cryptocurrency trading and exchange. 

About Gabe Khoury

Gabe Khoury is an associate with the Corporate Group in Sheppard Mullin's Washington, D.C. office. As Lead Associate of the Blockchain and Digital Assets team, he handles regulatory compliance issues relating to the use of blockchain technology, social media, Web3.0, video games, online gambling, virtual goods and currency, social tokens, decentralized autonomous organizations, decentralized exchanges, cybersecurity, privacy, Esports, the metaverse, money transmission, financial technologies, NFTs, and artificial intelligence. Gabe holds certifications in NFT technology, Metaverse Technologies, and Blockchain Law from the Blockchain Council.

Contact Information

Alex Lazar

Gabe Khoury

Resources

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This podcast is for informational and educational purposes only. It is not to be construed as legal advice specific to your circumstances. If you need help with any legal matter, be sure to consult with an attorney regarding your specific needs.