Wyoming DAO Series LLC
Wyoming's legally-recognized DAO structure combined with Series LLC capability — each Sails.to offering gets its own isolated series with separate assets, liabilities, and governance.
Full Definition
Wyoming became the first US state to legally recognize DAOs as a distinct business entity type in 2021. Sails.to combines this with Series LLC structure, creating isolated compartments for each offering. This means:
- Operating Series — Holds pledged assets, revenue streams, and operational agreements
- Treasury Series — Manages reserves, distribution pools, and investor funds
- CrossConversion Series — Handles the bridge between on-chain and Clearstream custody
Each offering's series is legally isolated from every other offering on the platform. If one issuer defaults, other offerings are not affected.
Why It Matters
The Wyoming DAO Series LLC is the legal foundation of Sails.to. By operating as a legal entity—not just code—we can sign contracts, hold assets, sue and be sued, and interact with the traditional financial system. Token holders have clear legal rights, not just cryptographic claims.
The Series structure provides bankruptcy-remote isolation without creating hundreds of separate companies. It's the best of both worlds: blockchain efficiency with legal certainty and investor protection.
Related Terms
Launch with legal clarity
Every Sails.to offering benefits from Wyoming DAO Series LLC structure.