(1)保證股權(quán)規(guī)則運用的合規(guī)性
(1) Ensure compliance in the application of equity rules
Jinan Equity top-level architecture design company believes that equity compliance is a fundamental prerequisite for the company to conduct various capital operations, and equity compliance is an important issue in the company's historical evolution. The compliance here mainly includes the following aspects:
①出資主體的合規(guī)性，諸如自然人身份的合規(guī)性，不得存在不能作為出資人的情形，如公務(wù)員、國企管理人員等;好不要存在監(jiān)管上有不確定性的主體，比如契約型基金、資管計劃、信托計劃等。
① The compliance of the investment subject, such as the compliance of the identity of a natural person, must not exist in situations where it cannot be a contributor, such as civil servants, state-owned enterprise management personnel, etc; There should be no entities with regulatory uncertainty, such as contractual funds, asset management plans, trust plans, etc.
②出資方式的合規(guī)性，如不合規(guī)，后期可能還需要整改。
② The compliance of the investment method may require further rectification in the future if it does not comply.
③出資人數(shù)的合規(guī)性，有限公司不能超過50人，股份公司不能超過200人。
③ The compliance of the number of investors is limited to 50 in a limited liability company and 200 in a joint stock company.
按照現(xiàn)在的監(jiān)管規(guī)則,通過在基金業(yè)協(xié)會備案的有限合伙私募股權(quán)基金投資的，很多情況下將不再視為1名出資人，會被要求穿透計算有限合伙人的人數(shù)，此時也應(yīng)注意穿透后合并計算的人數(shù)不要超過上述標(biāo)準(zhǔn)。
According to the current regulatory rules, investment through limited partnership private equity funds filed in the fund industry association will no longer be considered as a contributor in many cases, and will be required to calculate the number of limited partners through penetration. At this time, it should also be noted that the number of consolidated calculation after penetration should not exceed the above criteria.
④出資額度的合規(guī)性，對于某些特殊監(jiān)管行業(yè)，出資額要滿足法定條件，有的還需要進行驗資。
④ The compliance of the investment amount requires that for certain special regulatory industries, the investment amount must meet legal conditions, and some may require capital verification.
(2)要有穩(wěn)定的控制權(quán)
(2) To have stable control
通過控制權(quán)規(guī)則的合理運用，要能達(dá)到保證公司有穩(wěn)定的控制權(quán)、不會陷入公司僵局的效果，這是判斷一個股權(quán)架構(gòu)設(shè)計得是否成功的關(guān)鍵指標(biāo)。具體包括兩方面:
The reasonable application of control rules ensures that the company has stable control and will not fall into a deadlock, which is a key indicator to determine whether a equity structure design is successful. Specifically, it includes two aspects:
①能夠形成單極穩(wěn)定的控制局面。在股權(quán)架構(gòu)中，無論是通過單獨持股，還是通過股權(quán)代持、一致行動協(xié)議等方式，要形成能夠絕對控制(67%以上)或者相對控制(50%以上)或者至少是消極控制(34%)的控制權(quán)分配格局,控制權(quán)越強越有利于公司的穩(wěn)定。
① Capable of forming a unipolar stable control situation. In the equity structure, whether through individual shareholding, equity proxy holding, concerted action agreements, etc., it is necessary to form a control distribution pattern that can have absolute control (over 67%), relative control (over 50%), or at least negative control (34%). The stronger the control, the more conducive it is to the stability of the company.
②避免均衡的持股架構(gòu)。在股權(quán)架構(gòu)設(shè)計中一定要避免均衡型的持股結(jié)構(gòu)，比如50%:50%、25%:25%:25%:25%等，這種結(jié)構(gòu)的大弊端在于，一旦股東之間發(fā)生矛盾，大家勢均力敵，很容易導(dǎo)致股東會不能做出決策并形成公司僵局，給經(jīng)營管理和業(yè)務(wù)發(fā)展帶來重大不利影響，嚴(yán)重的甚至還會引發(fā)個人爭斗。
② Avoid a balanced shareholding structure. In the design of equity structure, it is necessary to avoid a balanced shareholding structure, such as 50%:.
(3)充分考慮商業(yè)邏輯的需要
(3) Fully consider the needs of business logic
股權(quán)架構(gòu)在設(shè)計過程中，必須要充分理解并尊重商業(yè)邏輯的內(nèi)在規(guī)律。不同的商業(yè)邏輯，對人的價值認(rèn)可、對知識、時間和效率的要求等都是不樣的。商業(yè)邏輯中很重要的環(huán)節(jié)就是對權(quán)利的分配、對利益的分配，這與股權(quán)架構(gòu)中的股權(quán)分配是密切相關(guān)的。
In the design process of the equity structure, it is necessary to fully understand and respect the inherent laws of business logic. Different business logic has different requirements for human value recognition, knowledge, time, and efficiency. An important aspect of business logic is the distribution of rights and benefits, which is closely related to the equity distribution in the equity structure.
股權(quán)分配如果能夠充分反映商業(yè)邏輯的需求，匹配不同要素的價值貢獻，對于公平、合理地完成股權(quán)架構(gòu)設(shè)計具有很重要的意義。其實，對于商業(yè)邏輯的考慮，創(chuàng)始人股東具有發(fā)言權(quán)，這也是創(chuàng)始人在股權(quán)架構(gòu)設(shè)計的某些方面具有不可替代作用的主要原因。
If equity distribution can fully reflect the needs of business logic and match the value contributions of different elements, it is of great significance for achieving fair and reasonable equity structure design. In fact, for the consideration of business logic, founder shareholders have the right to speak, which is also the main reason why founders have an irreplaceable role in certain aspects of equity structure design.
The equity structure designed in this way truly reflects the actual litigation of the company, and is a grounded and effective equity structure. Come to our website if you have any needs http://www.qingyanghualv.com consulting service
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