Amendments: Name Change, Ownership & Scope Changes#
DAO LLCs may need to amend their formation documents for different reasons. The process depends on the type of change being made. There are two tracks:
- Name Change Only — The company is only changing its name, with no change to ownership structure or scope of business.
- Ownership, Scope, or Structural Changes — The company is changing its ownership structure, business scope, or other structural elements (with or without a name change).
Both tracks share a common set of document requirements. Ownership and scope changes require additional compliance steps.
Name Change Only#
For DAO LLCs that are only changing the company name, with no change to ownership or business scope.
Required Documents#
- Amendment to Certificate of Formation
- Amendment to Operating Agreement
- New Operating Agreement reflecting the amendment
- New Certificate of Formation reflecting the amendment
- New FIBL Application reflecting the name change
Steps#
| Step | Details |
|---|---|
| Complete CF Amendment | Name Change Doc (Certificate of Formation).docx (opens in new tab) |
| Complete OA Amendment | Name Change Doc (Operating Agreement).docx (opens in new tab) |
| Submit Amended OA | Amend and sign the current DAO LLC's OA with the name changed throughout |
| Submit Amended CF | Amend and sign the current DAO LLC's CF with the name changed throughout |
| Submit Amended FIBL Application | Submit a new FIBL Application reflecting the name change |
| MIDAO Sends Documents to Government | MIDAO's Operations team will send all documents to the government for review |
| Confirm Successful Change | The government will let MIDAO know the results; MIDAO will pass on to the client |
| MIDAO Updates Information | MIDAO will add name change docs to the customer's files for archival purposes, update the public-facing registry, any records on file, and information stored in the DAO LLC's annual filing portal |
Ownership, Scope, or Structural Changes#
For DAO LLCs making changes to ownership structure, business scope, or other structural elements. A name change can optionally be included as part of this process.
Required Documents#
All of the documents listed in the Name Change Only section above, plus:
- New BOIR (Beneficial Ownership Information Report) Form
- KYC verification via Sumsub
Additional Steps#
In addition to all the steps from the Name Change Only process above, the following are required:
| Step | Details |
|---|---|
| Submit BOIR Form | Submit a new BOIR Form reflecting the ownership or structural changes |
| Complete KYC | Complete identity verification through Sumsub |
These additional steps must be completed before MIDAO sends the full document package to the government for review.