maintain your crypto business
We help crypto projects maintain their legal structures by taking care of the contractual, tax, accounting and other ongoing legal matters, all in a single place.
Pin down legal, tax, and IP tasks for your global Web3 project
Crypto businesses need quite complex legal structures with multiple companies to remain compliant and operate on a global scale. Legal Nodes helps not only with legal structuring of crypto businesses, but also with all the questions that follow, like: tax reporting, accounting, agreements with the team, AML compliance, and more.
I don't have to worry about what legal tasks we need to deal with. I just come with business needs, and our Virtual Legal Officer transforms them into legal solutions that the lawyers start working on right away.
How to maintain your global crypto business
Figure out your tax reporting, accounting, and banking
Sort the legal tasks for hiring a global team
Get global protection for your Intellectual Property
How Legal Nodes helps
Explore
Submit your request to Legal Nodes. We’ll help you understand which questions you should be asking to accurately assess your legal and financial needs.
Strategize
Build a global plan for maintaining your finances, team, and protecting your IP. Your plan will contain cost and delivery estimates for each task.
Achieve
Hire your global team, promote your product / protocol in new markets and manage your companies with help from experts at Legal Nodes.
It has been a great experience with Legal Nodes so far. We have received support with documents for early-stage fundraising (SAFE & Token Warrant) and guidance on the jurisdiction for Token SPV registration.
Get the full global picture on all your legal, financial and IP options and risks for your crypto business.
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Crypto business maintenance tasks
To help tackle each legal, tax, finance, and compliance task, we work with locally-based specialists in 10+ crypto-friendly countries.
Here are some of the ways we help crypto businesses with their ongoing maintenance.
Register, maintain and renew trademarks / patents to protect the intellectual property of your crypto project and choose the most suitable types of open source licenses for protocols and networks
Sign employment agreements, IP assignment agreements, and NDAs to structure relationships with team members, allocate a share / token option pool to incentivize them
Set up cloud accountancy & invoicing software, get professional accountants and auditors, and receive reminders of tax reporting obligations of your company, administer VAT, set up payroll, and get tax certificates for cross-border sales
Develop a due diligence process to check your global clients and partners for active bankruptcy processes, criminal records, reputational risks, and sanctions before you start working with them
Prepare the right KYC & AML policies for users and the team to comply with financial regulations. Obtain AML training, structure the process of suspicious activity reporting, and conduct regular AML audits
Get the analysis of advertising regulations in target markets (especially for VASP regimes), understand the requirements for collecting user data during campaigns, prepare policies for loyalty programs and disclaimers for the website / product
Frequently asked questions
When operating a company that deals with both cryptocurrency and traditional currency (fiat), it is important to maintain proper accounting, tax reporting, and AML measures. Keep clear records of your crypto and fiat transactions separately, documenting details such as dates, amounts, cryptocurrency types, corresponding fiat values, and payees (perform KYB of companies that pay in crypto). If you convert crypto to fiat, calculate gains or losses based on the original purchase price and current market value. Understand the tax obligations specific to your jurisdiction and seek professional advice from a tax expert. Keep thorough documentation of all transactions and regularly reconcile your crypto and fiat accounts to ensure accuracy. Consulting with a specialized accountant or tax advisor is recommended due to the complexity of cryptocurrency regulations and tax laws. Legal Nodes hand-picks the most suitable locally-based accounting and tax specialists to help with these questions. Your Virtual Legal Officer handles all communication with them and double-checks all deliverables. If you’d like help with accounting and tax reporting tasks for your crypto business, speak to us.
The pros of hiring an international team of freelancers and contractors are that you will have access to a global talent pool. Additionally, you may benefit from cost savings and enjoy opportunities for international business expansion. However, challenges include ensuring compliance with work permits, visas, and tax regulations, as well as navigating employment classification and intellectual property considerations. Seeking legal guidance is crucial to effectively manage these legal aspects. Managing global teams can also become costly and that’s why Legal Nodes offers ongoing support to help with legal project management. We help crypto businesses get access to experts in multiple jurisdictions to help maintain global legal structures. Learn more by speaking to us today.
To avoid international transactions from becoming stuck when working with global clients and partners, it's essential to employ effective Know Your Customer (KYC) and Know Your Business (KYB) measures when engaging with clients and contractors. Request and authenticate relevant identification documents, conduct thorough due diligence checks, and assess their background and reputation for potential risks. In addition, implement Know Your Business (KYB) measures when collaborating with other businesses. Perform KYB checks to verify their legal existence, ownership structure, and business operations. There are various service providers offering KYC and KYB checks. Speak to us to discover which kind of KYC and KYB checks your crypto business should incorporate.
To structure intellectual property (IP) for your Web3 project, address both on-chain and off-chain components. For the on-chain part, have developers sign NDAs and IP Assignment Agreements, transferring IP rights to your company. Publish on-chain IP as open source code with a suitable license for collaboration. For the off-chain part, register a Dev Lab company to accumulate rights to IP objects. Obtain trademark protection for logos, transfer domain name ownership, and consider patents. Choose an IP / IT-friendly jurisdiction for the Dev Lab company and ensure it supports fundraising. Following these steps secures IP, supports decentralization, and lays a strong foundation for growth and investment in your Web3 product. If you’d like help with structuring your IP for both on-chain and off-chain components of your crypto project, speak to us.
Costs for maintaining global crypto companies vary greatly. The cost for registering companies varies from country to country and each company type may require different levels of maintenance. If you plan to register patents, protect trademarks or copyright, hire team members abroad, and set up financial, tax reporting, and banking processes in multiple countries then costs can be very hard to estimate without knowing your unique circumstances. If you’d like to get a better idea of prices for both set up of various elements of your crypto business and ongoing legal, tax and financial maintenance, check out our pricing page and speak to us.
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Get started with Legal Nodes
We’ll help you sort out the correct legal, financial and IP protection, and set up ongoing support so your global crypto business always stays compliant.
