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  • The Marshall Islands (RMI) DAO LLC
    • The Marshall Islands (RMI) DAO LLC vs. Other Jurisdictions & Legal Forms
    • MIDAO Intro and History
    • Importance of Incorporating a DAO or Web3 Project with a Legal Wrapper
    • The Marshall Islands Jurisdiction History and Further Context
    • Solutions: is the DAO LLC Only for DAOs?
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  • DAO LLC Structuring
    • DAO LLC Operating Agreements & Amendments
    • Members, Membership Interests, Managing Members
    • Non-Profit vs. For-Profit
    • Protocol Separation & DevCos, OpCos, LabCos, etc.
    • Series DAO LLCs
    • Use of Smart Contracts
    • Entities as Members or Subsidiaries
    • Contracting and Grants
  • RMI DAO LLC Registration & Compliance
    • KYC/KYB and Beneficial Ownership Reporting
    • Naming Your DAO LLC & DBA (Doing Business As)
    • Public Registry & Certified Documents
    • Nominees & Independent Management Service Providers
    • Tokens & Securities Laws
    • Virtual Asset Service Providers (VASPs)
    • Annual Filings
    • Taxes on For-Profit DAO LLCs
    • Name Change Process
    • Dissolution
  • Getting Bank, Exchange, and Other TradFi Accounts
    • Passing KYC/KYB with Banks, Exchanges, and Other TradFi Providers
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  • RMI DAO LLC Case Studies & Examples
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  • Legal Disclaimer
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MIDAO is not a law firm and does not provide legal services or advice. MIDAO recommends seeking independent legal advice regarding all decisions regarding Marshall Islands legal entities and related legal matters.

On this page
  • Does the Marshall Islands Require KYC or Related Filings when Distributing Funds?
  • DAO LLCs Entering into Contracts

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  1. DAO LLC Structuring

Contracting and Grants

Does the Marshall Islands Require KYC or Related Filings when Distributing Funds?

  • Whenever any organization pays or grants money, it has to follow any filing requirements that might exist in the local jurisdiction of the receiving person or entity.

  • There is no filing requirement in the Marshall Islands when DAO LLCs make payments or grants to other people or entities.

DAO LLCs Entering into Contracts

  • DAO LLC can enter into contracts just like regular LLCs can. As long as there is no specific reason why the service provider chooses not to do business with a DAO LLC, DAO LLCs may enter into contracts and other agreements with any other parties.

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Last updated 6 months ago

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