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Without a legal entity, participants may be individually held liable for anything the DAO as a whole does."}],"\n",["$","li",null,{"children":"It is capable of complying with taxation requirements - without a legal entity, DAO participants may be held liable for a proportion of the DAO's income, even if they are not able to access these funds."}],"\n",["$","li",null,{"children":"It is capable of entering into contracts with other \"real world\" entities, of holding assets (including IP rights), and so forth."}],"\n"]}],"\n",["$","p",null,{"children":["For a more detailed discussion of this topic, see ",["$","$Ld",null,{"href":"https://mirror.xyz/0x954888B7a5C6736F4955dF18B556D8328FD02f61/5K9llACK4tzu5WHL68CM3bBsmSleL_XxJ2kRGYnwp7A","target":"_blank","className":"my-0 inline-flex items-center gap-1","children":["this excellent blog post",["$","svg",null,{"stroke":"currentColor","fill":"none","strokeWidth":"2","viewBox":"0 0 24 24","strokeLinecap":"round","strokeLinejoin":"round","children":["$undefined",[["$","path","0",{"d":"M18 13v6a2 2 0 0 1-2 2H5a2 2 0 0 1-2-2V8a2 2 0 0 1 2-2h6","children":[]}],["$","polyline","1",{"points":"15 3 21 3 21 9","children":[]}],["$","line","2",{"x1":"10","y1":"14","x2":"21","y2":"3","children":[]}]]],"className":"$undefined","style":{"color":"$undefined"},"height":"1em","width":"1em","xmlns":"http://www.w3.org/2000/svg"}]]}],"."]}],"\n",["$","$L12",null,{"level":2,"id":"what-is-the-ens-foundation","children":"What is The ENS Foundation?"}],"\n",["$","p",null,{"children":["The ENS Foundation is a Foundation Company Limited By Guarantee, incorporated in the Cayman Islands. 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