# Taxes on For-Profit DAO LLCs ## 3% Gross Revenue Tax (GRT) on For-Profit DAO LLCs * For-Profit DAO LLCs in the Marshall Islands must pay a 3% gross revenue tax. The GRT is a tax on top-line revenue but does not apply to capital gains, dividends, or invested capital. * Members of LLCs, including the For-Profit DAO LLC, usually have pass-through taxes in their own tax jurisdictions (e.g. the IRS for US Citizens) on the company's income. Please consult a local tax advisor to understand your potential pass-through tax implications. * These taxes can be paid to MIDAO in most popular cryptocurrencies, which are then converted and sent to the Marshall Islands government as fiat dollars. ## Non-Profit DAO LLCs are Tax Free #### Non-Profit DAO LLCs do not have any taxes, nor should they have any pass-through taxes in any jurisdiction MIDAO is aware of, as they have no economic owners, and members have no economic rights. --- # 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. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.midao.org/rmi-dao-llc-registration-and-compliance/taxes-on-for-profit-dao-llcs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.