Krause House DAO Foundation / Corp - Renewal Budget for 2 Years

Krause House DAO Foundation / Corp - Renewal Budget for 2 Years Budget

Author Name: thycommodore.eth

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

Each year, KH owes Korporatio / Panama some amount of money to have our legal entities to be in good standing. This proposal is asking for the budget to cover this.

Requested Budget:

$3,800 USDC / year for 2 years for a total of $7,600.

How will funds be used? Who/what will it go to?

To pay Korporatio for the DAO’s foundation & corp status via Panama for 2022 & 2023.

How will funds be managed?

As Korporatio invoices us, we will payout our monthly payout process.

Team Members Assigned to the Project

• Commodore

Project Details

As per our proposal for an entity creation, Krause House established a foundation & a corporation in Panama. Annually, we owe our vendor Korporatio an amount to renew both. As long as KH is active, then our legal entities should be in good standing.

This proposal is to pay our vendor annually to stay in good standing.