Hi, I’m new in the cryptospace and recently came up with an idea Id like to invest my life into. I immediately found a partner looked into registering as a LLC, and took steps to form a centralized legal entity. Then I found Aragon this week. I knew about DAO’s but they always seemed complex. After trying Aragon on rinkeby, im curious.
I mainly have 3 questions:
Can I form a DAO on Aragon to avoid registering an LLC?
Can I onboard my first employee through Aragon and avoid W-4’s and legal fees? Using the payroll app for example.
If my DAO turns a profit (which I plan on doing), will I be in any legal danger from users or government?
I plan on distributing control of my company 50-50 between my friend and me at the beginning, but in the future allowing stake in the company from other employees or outside entities. I see Aragon not only as a cheaper avenue then the traditional centralized approach, but also as a means for a more transparent business model.