# Annual Filings

* Marshall Islands DAO LLCs complete annual filings and pay annual fees every January.
* Annual filings are completed through a digital portal and include the following steps:
  * Complete the annual fee payment, and verify the company's treasury and funding amount (which determines the annual fee level).
  * Submit the most recent version of their Operating Agreement (if updated).
  * Submit a [Beneficial Owner Information Report (BOIR)](https://drive.google.com/file/d/1M0tWAijOzjJSrDXfxMLps-2-2GviQskH/view).
    * If there are changes to who is listed on the BOIR form, the new natural or legal persons (i.e. companies) listed in the report must complete KYC/KYB.
    * Learn more about beneficial ownership reporting and KYC/KYB [here](https://docs.midao.org/rmi-dao-llc-registration-and-compliance/kyc-kyb-and-beneficial-ownership-reporting).
  * Submit a [Representative Agent Form](https://drive.google.com/file/d/1FIRUO1Idakz6AowFZV9IRPxvl51aySRe/view) (if the Representative Agent needs to be updated).
  * Submit the [Annual Filing Form](https://drive.google.com/file/d/1jquG3XN5K4fi1Ci8_bfV8bes-hODlFTs/view).
  * If the DAO is for-profit, it must also report its revenue for tax purposes and pay its [taxes](https://docs.midao.org/rmi-dao-llc-registration-and-compliance/taxes-on-for-profit-dao-llcs).