August 14, 2022
KOOP LABS LLC – (A DAO LLC OF KOOP360 ECOSYSTEM) INCORPORATION ANNOUNCEMENT - AUGUST 2022
We are growing
KOOP360 Officially incorporated with USA (United States of America)
We are very excited to announce that we have officially incorporated with USA (United States of America), as a DAO LLC.
We would like to take the opportunity to thank our loyal clients and marketing partners that without your ongoing support and mandatory legal obligations, this exciting evolution of our ecosystem would not be possible. We would like to further clarify few of the reasons, to be incorporated as USA LLC
LEGAL ENTITY FOR CONTRACTS / PARTNERSHIPS / AGREEMENTS
The most mandatory reason of incorporation was to enter into the contracts and agreements for the ecosystem partnerships either technical or operational.
EASIER TO RAISE FUNDS AND CAPITAL
Incorporating generally makes it easier for our business to raise capital or apply for any corporate lending by a sense of legitimacy to our business. When we do incorporate, it also means we can open up a bank account and start building a line of credit, which, for any business, is a necessity, sooner or later.
BUSINESS GROW EVEN INDIVIDUALS DO NOT EXIST
When the business is a corporation, it continues to exist even after the individuals are gone as if nothing has changed. Our business will likely need new personnel in management team, but the business will never halt.
BUILD A BETTER REPUTATION
Our business’ reputation isn’t just based on the amount of Yelp and Google reviews we get or the good work we do within the community. Incorporating can help establish our legitimacy and build trust with potential customers, investors, and partners. This is a huge plus for our ecosystem branding.
PROTECT OUR ECOSYSTEM BRANDS AND INTELLECTUAL PROPERTY
Incorporation allows us to protect our business name, our brand recognition (visual cues like logos, slogans, and colours that represent our brand), and our trademark (any words, phrase, symbol, or design that distinguishes our business from others.)
There are many other benefits underlying this incorporation, but, for us, the obligatory reason is our agreements and contracts for the partnerships under KOOP360 ecosystem, where we do direly need this incorporation for Koopverse, Koopdeals, and Koop LFO campaign