DUNA (Decentralized Unincorporated Network Association)

Definition

A Decentralized Unincorporated Network Association (DUNA) is a legal entity structure created under Wyoming state law that allows for unincorporated, member-led organizations to operate with certain legal protections without filing as a traditional corporation.

Significance

DUNAs provide a lightweight legal structure for commons-based organizations and decentralized networks to:

  • Operate with member governance rather than top-down boards
  • Maintain transparency and democratic decision-making
  • Hold assets (bank accounts, property) without full incorporation
  • Preserve flexibility and reduce bureaucratic overhead

Key Requirements:

  • Minimum 100 members
  • Core organizational document (governing principles, membership criteria, decision-making mechanisms)
  • EIN (Employer Identification Number) for bank accounts
  • $100 Wyoming state filing fee
  • Legal fees typically 60,000

Compared to Traditional Nonprofits:

  • Less restrictive governance requirements
  • No mandatory IRS filings beyond EIN
  • Member-led vs. board-led structure
  • Lower ongoing compliance burden

References