Hey Team,I wanted to shoot out a quick outline of the legal structure that I proposed the other day. I will be following up with a more detailed outline and document after going through this process over the next two weeks. What I have proposed is that we structure as a private entity rather than an incorporated entity in order to be able to use our token-omics model and cooperative ownership structure without regulatory problems. This private entity could also spin up sole proprietorship corporations that feeds funds into the private entity if we desire.

I propose two private entities paired together under one organization.

Layer #1 - Private Members AssociationThis a private entity with a set of bylaws defining how the association will make decisions.This will be the governance arm of the organization and will point to our DAO platform of choice for a running log or "living document" of our bylaws, decisions, and minutes.This entity will be registered at the state level with the Secretary of State (not the IRS.)The PMA will handle defining and regulating membership to the organization.

Layer #2 - Private Land TrustThis is a private entity with bylaws defining how assets will be managed & decisions made.This will be the asset management arm of the organization & will point to web 3 accounts.The trust can also be registered for an EIN number in order to open a bank account.The organization will assign trustees to manage the trusts assets including bank accounts, web 3 wallets, and any other funds or assets that the organization owns or purchases.The members of the organization will be the beneficiaries of the trust and the trustees will manage the trust to the benefit of the organization and its members.The trust can also issue trust capital units which represent Financial interest in the trusts estate essentially acting as an equity accounting system that we can represent with a token on the blockchain. We can then issue those trust capital units in exchange for proportionate contribution through the form of quests and smart contracts in the DAO tool.The Trust can also own other entities including incorporated ones that are then taxed as sole proprietorships allowing money to flow directly into the trust tax free. Ironic as it is, this is how the mega wealthy structure their estates to protect their assets.

LMK if you have any questions!