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