What is a DAO legal wrapper?
A DAO legal wrapper is a legal entity that a DAO establishes to interface with traditional legal and financial systems. Essentially, it’s a real-world company or organization providing the DAO with a separate legal personality. This allows the DAO to own assets, sign contracts, and protect members from personal liability. Certain legal wrappers fully encompass or ‘wrap’ the DAO’s governance and members, providing enhanced legal protection, while others only 'wrap' specific property or activities.