# Series DAO LLCs ## Series LLCs for Independent Companies While there are good use cases for Series LLCs and Series DAO LLCs, MIDAO does not recommend purchasing Series LLCs from third-party providers who control the Master LLC. As a result, RMI Series DAO LLCs are not available in that context. Read more about that issue [here](/readme/the-marshall-islands-rmi-dao-llc-vs.-other-jurisdictions-and-legal-forms.md#rmi-dao-llc-vs-master-series-llcs). ## RMI Master-Series DAO LLCs * MIDAO always recommends hiring a lawyer, and this is especially true if you want to create a Master-Series DAO LLC, given the complexity of the legal documents required to create and operate one. * RMI Series DAO LLCs are just like Series LLCs, but with all [the benefits of the Marshall Islands DAO LLC](/readme.md). If you're not familiar with Series LLCs, check out [this article from Wolters Kluwer](https://www.wolterskluwer.com/en/expert-insights/the-series-llc-an-organizational-structure-that-can-help-mitigate-risk). * The main benefit of a Master-Series DAO LLC is that assets, liabilities, membership, and other operational issues can be kept separate between the different Series. * Note that not every jurisdiction and court in the world recognizes the separation of assets and liabilities between the Series, so it's important to seek legal advice regarding the risks involved and to ensure the Master-Series is operated properly to mitigate those risks. * The way a Master-Series DAO LLC works is that you register a Master DAO LLC with MIDAO, then the Master independently creates individual Series within it. * Once a Master DAO LLC is created, it can be extremely quick and easy to spin up Series within it, as no additional filings with MIDAO or the Marshall Islands are required to create each Series. * You can create as many Series DAO LLCs as you want within a Master DAO LLC. ## Examples Use Cases for Master-Series DAO LLCs * DAOs with sub-DAOs can utilize a Master DAO LLC with Series DAO LLCs within the Master for each sub-DAO * Investment companies wishing to separate various investment portfolios into individual Series within a Master. * NFT projects wishing to separate assets and liabilities between different collectiosn of NFTs. * Incubators wishing to provide "starter" legal entities for projects going through their incubator. * **Launchpads.** Projects that launch other projects (such as token launchpads) can use a Master-Series DAO LLC to spin up a Series for each project they incubate or launch, without needing to register a new entity from scratch each time. [MetaDAO](https://www.midao.org/blog-posts/midao-customer-spotlight-2-metadao) is a public example of this pattern. ### The Launchpad Pattern (and the 90-Day Graduation Rule) Because the separation of assets and liabilities between Series is not bulletproof — particularly given how new the DAO LLC structure is, and how few jurisdictions have ruled on it — projects that take on real assets or scale should transition to their own standalone DAO LLC rather than remain a Series within someone else's Master. The pattern that works in practice: 1. The launchpad maintains its own Master DAO LLC dedicated to incubating projects (we recommend a dedicated Master, not the launchpad's main operating entity). 2. Each new project launches as a Series within that Master, instantly and at low cost. If the project never gains traction or funding, no further entity work is needed. 3. If the project succeeds (e.g., is funded or raises capital), it must transition to its own standalone DAO LLC within a defined window. MetaDAO's policy is **90 days from funding**. This keeps the marginal cost of launching a project low while ensuring that once meaningful assets and liabilities are involved, each project sits inside a standalone entity with the strongest available asset/liability separation. ## Compliance, Beneficial Owners, and KYC for Series DAO LLCs * From MIDAO and the Marshall Islands government's perspective, Compliance, Beneficial Ownership reporting, and KYC is conducted only on the Master DAO LLC, not each individual Series within it. * Read more about Compliance, Beneficial Owners, and KYC for DAO LLCs [here](/rmi-dao-llc-registration-and-compliance/kyc-kyb-and-beneficial-ownership-reporting.md). {% file src="/files/WIPe8TVk3wRGplb8A9Ou" %} --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. 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