MIDAO Docs
  • 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?
  • MIDAO Pricing & Services
    • Pricing, Cost Comparison, & Payments
      • Refunds
    • Referrals and Resellers
    • MIDAO Services
  • 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
    • Recommended Banks and Fintechs
  • RMI DAO LLC Case Studies & Examples
  • Relevant RMI Laws and Regulation
    • DAO LLC Litigation
  • Legal Disclaimer
  • Contact MIDAO
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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.

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  • Read more about this topic and find some useful diagrams here on our blog
  • Protocol Separation
  • DevCos, OpCos, LabCos, etc.

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  1. DAO LLC Structuring

Protocol Separation & DevCos, OpCos, LabCos, etc.

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Last updated 5 months ago

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Protocol Separation

Most crypto projects keep their legal entities legally and financially separate from the protocols they may develop, govern, market, or otherwise operate. For example, consider that activity related to the Uniswap smart contracts is not considered to be activity related to Uniswap Labs or the Uniswap Foundation.

This distinction is made even more explicit thanks to the Marshall Islands DAO Act, which specifies, "DAO LLCs are permitted to create open source software, which is then used by other people on a blockchain independent of the DAO LLC's involvement."

DevCos, OpCos, LabCos, etc.

It is common for projects to combine multiple legal entities to achieve their goals. For example, many projects will have a "DevCo", "OpCo", or "LabCo" for the primary team of founders or developers, often local to where that team is located. For example, many American founders use a Delaware C-Corp to complement their RMI DAO LLC.

Read more about this topic and find some useful diagrams here on our blog