> ## Documentation Index
> Fetch the complete documentation index at: https://docs.star.fun/llms.txt
> Use this file to discover all available pages before exploring further.

# Choosing a structure

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A Star token can have one of four ownership structures. The structure sets what the token legally contains, what remains on your cap table, and which investors you can accept later. The structure is fixed before the round opens.

| Model                                                 | What the token contains                                       | Your equity                 |
| ----------------------------------------------------- | ------------------------------------------------------------- | --------------------------- |
| [Revenue share](/founders/revenue-share) (on request) | A revenue share, enforced by smart contract, and nothing else | Not changed                 |
| [Offshore DAO](/founders/offshore-dao) (on request)   | The company. The token is the cap table                       | Replaced by the token       |
| [Bedrock](/founders/ownership)                        | An equity backing of 1-30%                                    | You keep 70-99% and control |
| [ACE](/founders/ace) (on request)                     | Rights that convert tokens into equity                        | Diluted only on conversion  |

## How to choose

* To raise venture capital and issue a token: select **revenue share** on its own, or **Bedrock**. Equity investors price the obligation. The rest of the cap table is not changed.
* To operate fully onchain with no traditional equity: select the **offshore DAO**.
* To let your community convert into equity later: select **ACE**.

A revenue share is not exclusive to one model. A [Bedrock](/founders/ownership), [DAO](/founders/offshore-dao), or [ACE](/founders/ace) launch can commit a revenue share as well - see [Revenue share](/founders/revenue-share).

Each model has its own page with the full mechanics.