Discover the steps it takes to create your Wyoming DAO LLC.
If you want to create a legally compliant decentralized autonomous organization (DAO) in Wyoming, you’ll have to structure the business entity the right way. You’ll need to form a DAO limited liability company (LLC). Forming a Wyoming DAO LLC is similar to creating a traditional LLC but with a few extra steps. We help entrepreneurs just like you create DAO LLCs. Start by checking if your business name is available above.
DAO founders are able to start DAOs in Wyoming on their own. If you want to DIY forming your own DAO, follow the steps below.
In Wyoming, to form DAO LLCs, you need to submit your Articles of Organization. DAO LLCs can be formed online. We lay out how to submit Articles of Organization online. You can also mail your Articles of Organization in paper form.
Follow these steps to create your DAO Articles of Organization online through the Secretary of State’s office:
When you first get to the ‘Form a New Business’ page, choose ‘Limited Liability Company (Domestic)’ from the dropdown menu. You’ll also have to confirm that you understand the information you enter is public and will appear online. Then click Next.
After you enter your business name twice, choose Decentralized Autonomous Organization as the Additional Designation in the dropdown. Then click Next.
If you’re filing a Wyoming DAO, you must include “DAO” in the name. The state requires decentralized autonomous organizations have an “LLC” designation. For example, the most common designator is adding “DAO LLC” at the end of your business name. Your official company name would be “(business name) DAO LLC”.
Keep in mind that your name also has to be unique compared to the other limited liability companies in Wyoming. The legal status of your company’s name depends on it being different from all other companies in the state. Use our name checker service to make sure your DAO LLC name is distinguishable and follows Wyoming law.
Next you’ll see a dropdown for ‘period of duration.’ This means how long a DAO LLC will remain in existence. For your company, choose ‘Perpetual’ to keep your company open forever (until the DAO founders choose to shut down at a later date).
You can also shut down on a specific date by choosing “expires” and then adding the appropriate date.
Every LLC in Wyoming is required to have a registered agent, and Wyoming DAO LLCs are no exception. Wyoming law requires that your agent’s address is a street address within the state.
Add the person’s name, address, phone number and email in the ‘Enter Agent Information’ section. You have to agree to the terms before clicking Next.
Don’t have a registered agent for your DAO? You can use a person or organization to serve in that role. We offer a registered agent service in Wyoming.
If you use an organization for your DAO, be sure to find the company’s name in the Organization box and skip filling out the person’s information.
In this step, you’ll add:
Who is the organizer of this DAO LLC? Add the person’s name and address, then click the Add button.
The DAO organizer is the person or company submitting the Articles of Organization. The DAO organizer doesn’t necessarily have to be a member of the LLC, but they can be.
Unlike most traditional LLCs, you need to include 3 articles in your submission:
Review your DAO LLC Articles of Organization. Confirm everything is correct, particularly your business name. You don’t want to submit any misspelled words or errors.
This is your chance to go back and make changes. Simply click the links at the top to find the appropriate section.
You’re almost done! Simply review the different terms and conditions sections. Then confirm the filer (a person or organization) and enter the appropriate information as needed. Click the Next button to pay.
Currently, the fee is $100 (plus a small convenience fee) to form a DAO LLC in Wyoming. Start the payment process, fill in your payment information and then complete the checkout process.
You’ll be able to download your documents immediately, so you won’t have to guess if it went through properly. A registration complete message will also display.
Download your Articles of Organization and receipt. We suggest printing them if you can too.
Once you hit this point, you have officially created a Wyoming DAO LLC. You’ve created a member-managed DAO as a legal entity in the state.
Disclaimer: The content on this page is for informational purposes only, and does not constitute legal, tax, or accounting advice. If you have specific questions about any of these topics, seek the counsel of a licensed professional.
Wyoming is positioning itself as the leader in digital asset innovation. In April 2021, Bill 38 was signed. The bill states that Wyoming recognizes DAOs as LLCs. Wyoming DAOs can legally hire employees, scale and grow. It’s exactly what we help traditional LLCs do across the country.
DAO LLCs offer the best of both worlds: You get the benefits of a DAO, but enjoy the legal limited liability offered by an LLC in Wyoming. All transactions are recorded in the blockchain so transactions are secure and transparency you won’t receive in traditional businesses. You can enjoy the benefits of a member-managed DAO.
Creating a DAO LLC offers major opportunities because companies created now will be at the forefront of blockchain technology. Learn more about why DAO LLCs are gaining popularity.
The filing fee is $100. It’s a one-time fee when you file your Articles of Organization. You also need to file a Wyoming annual report every year, which costs $60 per year.
Currently, Wyoming is the only state that allows DAOs to run as a distinct legal entity with the same protections as any other LLC.