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[Music] there are two kind of planes of structure there is on chain and traditional so on chain a dao is a smart contract is essentially an agreement that is expressed in the form of software that describes that organization who owns that who is a member of that who has what kind of voting rights does that organization controlling kind of wallets any kind of tokens or nfts things like that so some dows have a fixed smart contract so something that written once and never changed some other organizations have upgradable contracts so that means its like a constitution but then you can have the amendments so you can think of that as a charter or as a constitution or as a bylaws its some sort of like a set up software described the company and then some those not all also have like a traditional representation so that that means they have also a traditional entity might be llc delaware c corp it can be a foundation on cayman islands so in switzerland or singapore and panama like all kind