> For the complete documentation index, see [llms.txt](https://docs.surgexrp.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.surgexrp.com/how-it-works/the-legal-structure.md).

# The Legal Structure

The Hard Part

#### The Legal Structure

Real estate is a physical, legally regulated asset. Before a property can be represented on a blockchain, it must first be wrapped inside a legal structure that makes tokenized ownership legally valid and enforceable. SurgeXRP does this through the **DAO LLC model**.

Each property listed on SurgeXRP will be held by a dedicated **DAO LLC,** a special purpose vehicle designed to hold a single real estate asset.

The DAO LLC issues a fixed number of ownership tokens, which are then made available for investment on the SurgeXRP marketplace.

By purchasing property tokens, investors acquire a legally recognized fractional ownership interest in the DAO LLC and through it, the underlying property.

This structure provides investors with real legal rights to the income and value generated by the asset.