Nominees & Independent Management Service Providers#
Nominees & Management Service Providers#
- DAO LLCs may choose to leverage the services of a corporate service provider to act as Members or Managers of their DAO LLC.
- This approach can provide for a similar function as independent directors in a Cayman or other Foundation, separating founders or others involved in a project from the management of the DAO LLC.
- MIDAO does not provide management or nominee services. See our Partners page or contact us for introductions to such corporate service providers.
Nominees Do Not Remove Compliance Obligations#
- Using a nominee, independent manager, or corporate service provider does not remove compliance obligations. MIDAO may still require KYC/KYB, beneficial ownership, control, source-of-funds, and purpose information for the relevant persons or entities.
- Clients should not use nominees to hide control, evade sanctions, mislead counterparties, or avoid legal obligations.