# 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.&#x20;
* 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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