Dictum in alternative entity jurisprudence and the expansion of judicial power in Delaware

Decentralised Autonomous Organisations: Governance, Dispute Resolution and Regulation

“…This section deals with LLCs, which are not to be confused with limited liability companies in New LLCs are a combination of a partnership and a corporation which grew from partnership law 1585 and are a common legal structure in the United States. 1586 While LLCs are not incorporated entities, 1587 they are registered entities that provide limited liability to their members. They are not taxed separately and each DAO's rules can be crafted, much like a partnership agreement.…”