Currently, AdmiralDAO is incorporated as Admiralty LLC, a non-profit member managed LLC in the Marshall Islands. Shipyard chose to legally incorporate its DAO in order to help reduce potential legal liabilities, as well as ensure that the core contributors have a legal obligation to abide by the community’s collective decisions. In other words, AdmiralDAO’s status as a legally incorporated entity allows Shipyard to continue expanding its product range and decentralized decision-making capabilities, while protecting users within the bounds of the international legal system.