Legal Budget for Entity Creation

ELI5 (Explain it Like I’m 5) Project Value-Add

Funds to pay the incorporator + counsel to create a legal entity for Krause House as recommended by counsel + Commodore.

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Requested Budget:

$25,000 USDC

How will funds be used?

To compensate incorporator & legal counsel. Any remaining funds will be returned.

How will funds be managed?

Commodore will request payments to the incorporator & legal counsel via Utopia.

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Team

• Commodore

Project Details

This proposal is to approve the funds required to pay for the legal work that is beginning for entity creation for Krause House.

Our legal counsel has recommended we create a Panama Foundation + Panama Company to hold Krause House DAO. These funds will pay our Panamanian vendor & our legal counsel for work required to complete this work.