Web3 Company Structures

Unlike your average company in the more traditional lines of work and job opportunities, this upmost peculiar world of crypto once again doesn’t follow the same set of rules. In any normal corporate job, seldom would you see on your contract that the company you’ve just joined is structured as some bizarre form of fiscal structure based in what may appear to be a fiscal paradise. If that was the case, it’s more than likely that it would without a doubt raise more than one of your eyebrows. You would probably even raise that specific point in a carefully drafted email so as not to offend your new employers to the HR department asking for clarification on the intricacies of such a company structure. Here, in the world of Web3, unusual company structures and jurisdictions have actually become the norm for the majority of companies operating in this space. This isn't, however, by intention to create a shell company designed for money laundering in an offshore fiscal paradise, much like the company’s involved in the Panama Papers scandal around 2016. Believe it or not, it’s for the exact opposite reasons. Furthermore, the crypto industry has itself created new forms of company structures that some governments just don’t know how to grasp nor how to class them. When you start working in this beautiful industry and receive your first contract, you will most likely have questions and perhaps need some reassurance, especially if the company you’ll be working for has a legal status you’ve never heard of before. In this chapter, we aim to point a spotlight on these very complexities, starting with the DAO.