Hey everyone -
I recently had the pleasure to team up with another U.S.-licensed attorney, Robert Leonhard, to prove out an initial proof of concept for a “hybrid” Aragon organization situated between Ethereum and New York state: Open, ESQ LLC
I have sensed a need to get a firm start here, and this seemed like a flexible format for others to begin to see how digital organizations could launch with a familiar ‘limited liability’ counterpart to help secure their business relationships.
Specifically, here was our process in forming the hybrid organization to date:
(i) Deployed multisignature organization, currently hosted at: https://mainnet.aragon.org/#/openesq.aragonid.eth/0xb0bae1d11e7e2758fb0ad154bb95243bf9d36a14 .
(ii) Approved form of LLC-DAO Operating Agreement based on prior PoC, as seen on our voting dashboard, that, among other human readable links, places membership interests and determination of LLC decisions into Aragon organization (Section 5).
(iii) Filed Articles of Organization with New York state and paid filing fee on behalf of company (selecting Bushwick Generator as LLC-DAO’s residence). Perhaps notable: these Articles make reference to mainnet Aragon org. and includes my personal Ethereum address in signature (not sure if there are other examples of this in the wild . . .)
Altogether, we believe that this helps prove out in a real way how quickly hybrid organizations can be formed with the tools already online. As we work through our own paints points as an organization, we also aim to streamline much, if not all, of our operations through Aragon.org and produce open source tools to help parallel track these organizations in other jurisdictions, starting with these templates for anyone in this community to run with!
As this title suggests, I am humbly making a request for reimbursement of the $200 filing fee (200 DAI) that was required to register Open, ESQ as a domestic limited liability company in New York. < Filing Receipt >
That’s certainly a nice to have, but not must for this initiative to continue. Going forward, it would be pretty neat to hear what this Community would like to see from our organization, how we can improve our template for LLC-DAO, and really, anything else that can help us launch what is needed for the next generation of orgs. Cheers
Open, Esq LLC