Forming a Wyoming DAO LLC for Vietnamese Freelance Developers
The Wyoming DAO LLC Supplement Act allows developers to legally recognize smart contracts as the governing instrument of a US-based entity. This structure provides limited liability protection for decentralized projects while maintaining a clear legal nexus in the United States.
Vietnamese freelance developers must manage US federal tax obligations alongside local reporting requirements under Circular 111/2013. Proper documentation of foreign-source income and adherence to US information return filings are mandatory for compliance.
Model the full outlay, not just the setup fee
- Setupdoola setup$297.00
- AnnualYear 2 renewal$297.00
What the tax authority sees
Wyoming DAO LLCs are treated as pass-through entities for US federal tax purposes unless ETBUS (Engaged in Trade or Business in the US) applies, while Vietnamese residents must report foreign-source income per Circular 111/2013.
Circular 111/2013 on foreign-source income; USD conversion rules
Use the Wyoming DAO LLC structure to codify governance via smart contracts, but ensure your Vietnamese tax filings account for USD-to-VND conversion rates at the time of income receipt.
- 01Form 5472 and 1120 filing requirements for foreign-owned US entities
- 02Potential double taxation if tax treaty benefits are not properly claimed
- 03Complexity of linking smart contract governance to US legal compliance
From filing to funded bank account
US Wyoming DAO LLC vs Estonia OÜ (e-Residency)
FAQ
Start filing with doola
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