Shady Corporate Structures
Let me preface this post with: I am by no means fully educated on the blockchain, distributed ledgers, protocols and the like, but I am fairly educated in the financial analysis and legal realm as a former financial analyst and compliance investigator.
My question for all you bitcoin, altcoin, ethereum, ripple, (insert the other 2000+ crypto-currencies), junkies is with all of these new ICO's being conducted, regardless of their merits, scams, or otherwise outrageous valuations, what are currently preferred methods of structuring the issuing company?
There seems to be a trend of having an independent company receive the funds, issue the tokens, and then simply just dissolve.
For examples: Tezo's is in the final days of their ICO. From what I understand, they have set up a non-profit foundation, which is receiving all payments and will be issuing all the tokens upon completion of the token sale. This has several implications in itself ranging from legal to taxation and disclosure.
Are these non-profit foundations the majority? If so, what are some examples, aside from Ethereum?
Are their other forms that these ICO's are taking such as LLC's?
Also where would be the best place to find verifiable information of this sort? The Slacks for each project? The whitepapers?
Thanks everyone, You're friendly neighborhood compliance geek.
[link] [comments]
Read More
