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).
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.
Submit a Representative Agent Form (if the Representative Agent needs to be updated).
Submit the Annual Filing Form.
If the DAO is for-profit, it must also report its revenue for tax purposes and pay its taxes.