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Aragon Legacy Documentation
Aragon Legacy Documentation
  • 🔷Aragon
    • Aragon Legacy Documentation
    • Aragon Values, Finances, and Legal
      • Legal and technical infrastructure
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      • Meet your DAO support network
    • Learn about DAOs
      • What is a DAO?
      • Why do we need DAOs?
      • What is decentralized autonomous governance?
      • What is the AN DAO?
      • TAO Voting
      • Why use Aragon to build a DAO?
  • 🌐Products
    • Prerequisites
    • Quickstart
    • Setting up a Metamask Wallet
      • Getting started with Ethereum
      • Getting started with Goerli Testnet
      • Getting started with Polygon
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      • Getting started with Harmony
      • Getting started with Harmony testnet
      • Getting started with Metis Andromeda
      • Getting started with Stardust Testnet
      • Getting started with BSC Testnet
      • How to sign a transaction?
      • Import your seed wallet to Metamask
      • Gas Tracker
    • Setting up a Frame Wallet
    • Setting up a Gnosis Safe MultiSig Wallet
    • Aragon Client
      • What is Aragon Client
      • How to create a DAO
        • Templates
        • Using the Company Template
        • Using the Membership Template
        • Use the Reputation template
      • How to create a DAO on Polygon
      • How to create a DAO on Harmony
      • How to navigate your DAO
        • Home
        • The Apps
          • Tokens App
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            • How to install the Agent App in your DAO
            • Using Agent with Frame
        • System Setting
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          • App Center
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      • After you've started a DAO
        • How to change the Quorum of your DAO
          • Change Quorum using Aragon Console
          • Change Quorum using EVMcrispr
        • How to create a Legal Wrapper for your DAO with Otoco
        • How to Operate your DAO from your Mobile Phone
      • How to Brick your DAO 🧱
    • Aragon Govern
      • What is Aragon Govern?
      • How to create a Govern DAO
      • Navigate into your Govern DAO
        • How to mint and assign DAO tokens to others
        • How to deposit funds
        • Challenging a transaction
      • Reasons for the delay period in the transaction
      • Collateral for scheduling or challenging a transaction. Why?
      • Acting as a guardian for an Aragon Govern dispute
      • Using the Client DAO with the Govern DAO
    • Aragon Voice
      • What is Aragon Voice?
      • Creating a voting proposal
      • Creating a voting proposal using your token
      • Voting on a proposal
    • Aragon Vocdoni
      • What is Aragon Vocdoni
      • Creating a Vodconi organization
      • Accessing your Vocdoni organization
      • Navigating your Vocdoni organization
        • Creating a voting proposal
        • Voting on a proposal (anonymous voting disabled)
        • Voting on a proposal (anonymous voting enabled)
    • Aragon Court
      • What is Aragon Court
      • Court Dashboard
      • Dispute lifecycle
      • Acting as guardian for a dispute
      • Glossary
  • 🛠️Developers
    • Legacy Developer Documentation
    • General Tools
      • The Basics
        • Before starting
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        • Human readable transactions
      • Guides
        • How to create your first custom DAO using Aragon CLI!
        • How to use the Agent App
          • Installing Aragon Agent from aragonCLI
          • Setting and Checking permissions
          • Interacting with Aragon Agent
        • How to build your first Aragon App!
        • How to publish an Aragon App to aragonPM
        • How to migrate existing Aragon App to Buidler plugin
        • How to change the Quorum of your DAO
          • Change Quorum using Aragon Console
          • Change Quorum using EVMcrispr
        • Deploying Aragon Client in new Chains
          • Deployments information
            • Harmony testnet
            • BSC Tesnet
            • Harmony
            • Metis stardust
            • Metis Andromeda
        • How to Brick your DAO 🧱
        • How to sign with Web3 providers
          • Setting up a Metamask Wallet
            • Import your seed phrase into Metamask
            • Import your private key into Metamask
            • Sign a transaction with Metamask
          • Setting up a Frame Wallet
            • Sign a Transaction with Frame
        • Troubleshooting
      • aragonOS
        • Introduction
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          • ACL
            • ACL
            • ACLSyntaxSugar
            • ACLHelpers
            • IACL
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          • APM
            • APMNamehash
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            • APMInternalAppNames
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          • COMMON
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          • FACTORY
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      • aragonCLI
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      • aragonPM
        • Introduction
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        • Reference documentation
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        • Connectors
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        • API reference
          • connect()
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          • TransactionIntent
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      • App Center
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        • Preparing Assets
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    • Product Tools
      • Aragon Govern
        • README
        • Introduction
          • Concepts and background
            • Govern Core concepts
            • ERC3000
          • Developers
            • Getting started
            • Govern.js API
            • Historical deployments
            • GraphQL API
            • Smart contracts breakdown
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          • Mainnet
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        • Packages
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          • Types
          • govern-create
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          • govern-subgraph
          • govern-token
          • govern.js
      • Aragon Vocdoni
    • Aragon Client Glossary
  • THE ANT TOKEN
    • Aragon Network Token
      • About ANT
      • Historical token sale
    • ANTv1
      • Non-standard behaviours and gotchas
      • About the MiniMe token
      • The initial token sale flow
    • ANTv2
      • Upgrade portal
        • Troubleshooting
      • Contract interaction
      • Migrating on-chain liquidity
    • Developers
      • Quick start
      • Integrating ANT
      • Historical deployments
      • Security policy
  • ‼️FAQ
    • Products
      • Aragon Client
        • Where is my DAO?
        • DAO creation taking a long time to confirm
        • DAO is taking a long time to load
        • Failed DAO creation transaction
        • Why do I see a Blue Screen?
        • An unexpected error has occurred
        • App does not appear in Firefox
        • Receiving funds directly to the Agent or Vault address
        • How to Recover Funds accidentally sent to an Aragon App address
        • Depositing EURS in the Finance app
        • Which templates are available on the Ethereum Network?
        • Which templates are available on the Polygon Network?
        • Which templates are available on the Harmony Network?
        • Which templates are available on the Metis Andromeda Network?
        • How to delete a DAO
      • Aragon Govern
        • Which was the wallet address used to create the Aragon Govern DAO?
        • Where are my DAO tokens?
        • How to delete a DAO
        • How can I transfer funds to the Aragon Govern DAO?
      • Aragon Vocdoni
        • Is Vocdoni easy to use?
        • Is Vocdoni anonymous?
        • Is Vocdoni free?
        • Is my data safe with Vocdoni?
        • As an Organization, what can I do with Vocdoni?
      • Aragon Court
        • What is the current duration of the different stages of a dispute?
        • Dispute - Which fees need to be paid to create a dispute?
        • Dispute - Do I need to put collateral to create a dispute?
        • Appeals - How much money is needed to appeal a dispute? And to confirm the appeal? What is it for?
        • Appeals - If I have tokens staked or activated, can I lose them if I appeal a dispute?
        • Appeals - What happens to the collateral put up
        • Voting - Is a majority needed to win a vote?
        • Voting - What happens if there is a tie?
        • Voting - What does "Refuse to vote" mean? What happens if it's the most voted option?
        • Voting - Another guardian tried to collude. Can I punish this guardian?
        • Voting - What's the penalty for leaked votes?
        • Governance - Which parameters of Court can be changed? How?
        • Governance - Do parameter changes affect ongoing disputes?
        • Technical - Where is the Court "hosted"?
        • Technical - Where can I find the source code and technical documentation for Aragon Court?
        • ANJ conversion - What date will the lock-up period end?
        • ANJ conversion - If I have not staked my $ANJ, do I still get the lockup period price?
        • ANJ conversion - Will I get the 0.044 conversion if I convert after September 5th 2021?
        • ANJ conversion - How much will it cost to be a Guardian in Aragon Court with $ANT?
        • I can't see my tokens in the Dashboard
        • I activated my tokens but I can't see my probability of being drafted
    • Miscellaneous
      • Metamask wallet transaction alert
      • Is Aragon open source?
      • Where can I browse through the DAOs created on Aragon?
      • How to migrate from "old" DAI to "new" DAI
      • Security notice for organizations created before Aragon 0.8
      • General troubleshooting tips
    • ANT Token
      • What can I do with ANT?
      • Who holds ANT?
      • Who are the biggest ANT holders?
      • Long-term holding ANT - What benefits?
      • Can I delegate my network votes to somebody else?
      • Can I do flash loans with ANT?
      • Is there an ANT options market?
      • Are you planning to launch new network tokens?
      • My wallet isn't available on the Upgrade Portal
      • How can connect my Ledger to the Upgrade Portal?
      • I accidentally sent my "old" ANT to an exchange
      • ANJ conversion - What is the minimum number of $ANJ I need to participate in the 0.044 conversion?
      • ANJ conversion - What is the conversion rate ANJ to ANT v2?
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  1. Products
  2. Aragon Client
  3. After you've started a DAO

How to create a Legal Wrapper for your DAO with Otoco

PreviousChange Quorum using EVMcrisprNextHow to Operate your DAO from your Mobile Phone

Last updated 2 years ago

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Being a DAO is great, but sometimes contracts with 'real world' entities are needed, and they need you to be a 'real world' entity as well. This is a How to Guide to setup a standard Delaware Series LLC with and to integrate it with your Aragon Client DAO.

Cost to do this? Less than 5 USD!

In our example, you started a new Aragon DAO called Awesome Music, a decentralized Music Label. All is working well, you are collaborating with people online in different countries.

But soon you find out that a musician of Classical Music insists on having a legal contract with your DAO Label instead of a token agreement.

That needs the DAO to be registered in the legacy world as an LLC. But how on earth do I do that? Let us show you how!

Open the DAO on Aragon Client by clicking on the following link: (This example DAO is on Ethereum Mainnet).

Switch your Web3 Wallet to Ethereum Mainnet, to make the DAO appear on Aragon Client.

Next to Ethereum Mainnet, Otoco is also available on Goerli Testnet, Polygon Mainnet, and Mumbai Testnet, so you can also integrate your Client DAO on these networks with Otoco!

You should see the following screen. Click on 'Assign Tokens':

This takes you to the 'Tokens' app. Here you can see some of the Token Holders, the artists which signed up with Awesome Music.

Click on 'Spin up your project now':

Select 'Ethereum Mainnet' and click 'Get started on next screen':

Then select 'Just Me' and then 'Continue':

At the moment the only options to set up an LLC are in the USA. For this example select 'Delaware Series LLC', then click 'check' and then 'continue':

Now it's time to connect your Web3 Wallet. Pre-select the account in your wallet which also owns DAO tokens and the right network, in this case 'AWSMM' tokens and 'Ethereum Mainnet'.

If you connect a Web3 Wallet account to Otoco which does not own DAO tokens, the integration will not work.

Click 'Connect Wallet':

Check whether your wallet connected successfully. In this screen click 'Activate Company'. Now a transaction should pop-up in your Web3 Wallet. Confirm the transaction:

Once the transaction has been processed you should see the following screen. Click here on 'Go To Dashpanel':

Now let’s integrate it with the Aragon Client DAO!

In the Otoco Dashpanel, click on 'Tokens' in the left menu bar:

You should see the following screen:

When there click on 'awsmm.. (AWSMM)' in the 'TOKEN INFO' box.

Then copy the token address by clicking on the copy symbol:

Now go back to the Otoco screen and paste the address where it says 'paste your ERC-20 token contract address here', and click on 'Attach Token':

In your Web3 Wallet a transaction should popup. Confirm the transaction and wait for it to be processed.

Awesome, your Aragon Client DAO has now been integrated with the Otoco legal wrapper!

You should see the screen below. Click on 'SHOW' to see all the Awesome Music token holders appear:

You should see a list of current holders:

Now if we go back to the Aragon DAO, you can verify that all the token holders are represented in the Legal Wrapper!

Now last let's take a look at the official LLC documents like the Certificate of Formation. To do so click on 'Files' in the left menu bar. You should see the following:

You can download the LLC documents here.

Now let’s go to Otoco, to create a legal integration for the DAO. Here’s the link

Great, the legal wrapper prepared for your DAO has been setup!

Now we need some info from the DAO. Go back to the 'Tokens' app of Awesome Music. Here's the link:

That was all, good luck now with your DAO in the legacy world!

🌐
🎉
👍
https://otoco.io/
https://client.aragon.org/#/awsmmusic/0xd181ce5f2e300e13f8327f3208da8903e026a048/
Otoco
https://client.aragon.org/#/awsmmusic/