Annual Fees
Why are there Annual Fees?
- MIDAO uses the annual fee to provide services for our clients year-round. See the services provided by MIDAO here.
- Our annual fees are all-inclusive of government fees and any other MIDAO services; there are no hidden fees!
What are the Annual Fees?
- MIDAO charges an annual fee ranging from $2k to $5k (based on the client's treasury size and funding amount as of January 1 of the filing year), which is due by January 31 every year.
| Treasury and Funding Size | Annual Fee Size |
|---|---|
| Less than $30,000 | $2,000 |
| Between $30,000 and $150,000 | $3,000 |
| Greater than $150,000 | $5,000 |
The minimum annual fee is $2,000 — there is no smaller tier.
When the Annual Fee is Due
- Annual fees are due by January 31 every year, regardless of when the DAO LLC was originally formed. A DAO LLC formed in December still owes its annual fee by January 31 of the following year.
- MIDAO emails the link to the annual filing portal in late December.
- The treasury and funding size used to determine your fee tier is measured as of January 1 of the filing year.
- Filings (the Annual Filing Form, BOIR, Representative Agent Form, and updated Operating Agreement) must be completed in the annual filing portal after payment is made.
Late Fees
- If the annual fee or filings are not completed by January 31, a late fee of $100 per month (or part thereof) applies, capped at $600 total. It is added on the same day each month and is paid on top of the annual fee.
- If the annual fee was paid on time but the filings are late, only the late fee is owed.
- Late fees do not absolve the DAO LLC of the underlying annual fee — the full annual fee is still owed.
- While annual fees and filings are overdue, MIDAO cannot issue a Certificate of Good Standing for the DAO LLC.
Inactive DAO LLCs
- The annual fee is due even if the DAO LLC has had no activity. There is no dormant or inactive status for a DAO LLC.
- If the DAO LLC will not restart, closing it is usually the better choice. Closing is included in the annual fee, and a DAO LLC that is dissolved and cancelled before January 31 does not owe that year's annual fee.
What's Included in the Annual Fee
The annual fee is all-inclusive. There are no separate per-document or per-filing charges. It covers:
- Registered agent services and the local Marshall Islands address
- All government filings, including the annual filing
- All certified, notarized, and apostilled documents (Certificate of Good Standing, Certificate of Incumbency, certified Representative Agent Form, certified Certificate of Formation, certified Operating Agreement)
- Template documents for amendments to the Operating Agreement or Certificate of Formation
- Name changes and other amendments
- Dissolution & cancellation, if needed
- Operating agreement workshops and document support
- Storage of official company documents
- Introductions to banks, lawyers, and other service providers
See MIDAO Services for the full list.
How to Pay
- See Payment Methods for the full list of accepted chains, wallets, and fiat options.
- Payment may originate from any wallet — it does not need to come from the DAO LLC's treasury address.