--- type: entity entity_type: company name: Organization Technology LLC status: active founded: 2024-08 domain: internet-finance parent_org: MetaDAO LLC --- # Organization Technology LLC US services entity created by MetaDAO to handle contributor payments and operational expenses. ## Structure - Does not own intellectual property (all IP owned by MetaDAO LLC) - Responsible for costs of services and development - No authority to encumber MetaDAO LLC - Can be canceled by MetaDAO with 30-day notice or immediately for material breach ## Operations - Expected annualized burn: $1.378M - Handles payroll for MetaDAO contributors - Manages administrative expenses - Receives monthly disbursements from MetaDAO LLC treasury ## Governance - Significant material expenses require MetaDAO governance approval - Services agreement executed via memo instruction on MetaDAO proposal - First disbursement: September 1, 2024 ## Timeline - **2024-08-31** — [[metadao-services-agreement-org-tech]] Passed: Services agreement approved, $1.378M annual burn authorized