股權設計將是一個在發(fā)展中不斷完善的過程,因此,設計股權架構要根據企業(yè)的具體類型分析,進行多元化的架構設計。下面來講講常見的股權架構類型:
The equity design will be a process of continuous improvement in the development. Therefore, the design of equity structure should be based on the analysis of the specific types of enterprises and diversified structure design. Let's talk about common types of equity structure:
(1)一元股權架構
(1) Unitary equity structure
直接按各自出資分割股權、分享股權決策權及分紅權,這是簡單、較傳統(tǒng)的股權架構類型。一元股權架構這種是指股權的股權比例、表決權(投票權)、分紅權均一體化。
It is a simple and more traditional type of equity structure to split shares, share equity decision-making rights and dividend rights directly according to their respective contributions. The unitary equity structure refers to the integration of equity ratio, voting rights (voting rights) and dividend rights.
采用該種股權架構,看似簡單地解決了股權分配的難題,但由于股東之間的股權比例只能根據其出資來確定,對于初創(chuàng)企業(yè)的創(chuàng)始人而言,其對企業(yè)控制權的掌握也缺少了自主性和靈活性,甚至很容易因企業(yè)融資或因他人惡意爭奪企業(yè)控制權,或是其他的意外變故而喪失了對企業(yè)的控制。
The adoption of this equity structure seems to simply solve the problem of equity distribution, but because the equity ratio between shareholders can only be determined according to their capital contributions, the founders of start-ups also lack autonomy and flexibility in their control of the enterprise, and even easily lose control of the enterprise due to corporate financing or malicious competition for corporate control by others, or other unexpected changes.
在這種結構下,所有中小股東的權利都是根據股權比例而決定的。這是簡單的股權結構,需要重點避免的就是公司僵局的問題!
Under this structure, the rights of all small and medium-sized shareholders are determined according to the equity ratio. This is a simple equity structure. What needs to be avoided is the company deadlock!
(2)二元股權架構
(2) Dual equity structure
二元股權架構是指股權在股權比例、表決權(投票權)、分紅權之間做出不等比例的安排,將股東權利進行分離設計。這種架構設計,適合那些,需要將分紅權給某些合伙人,但將決策權給創(chuàng)始人的多個聯(lián)合創(chuàng)始人的情況。
The dual equity structure refers to the unequal proportion arrangement between equity ratio, voting rights (voting rights) and dividend rights, and the separation design of shareholders' rights. This architecture design is suitable for those co-founders who need to give the dividend right to some partners, but give the decision-making power to the founders.

(3)多元股權架構
(3) Multi-equity structure
在二元股權架構的基礎上,將公司的股東分為多個類型,創(chuàng)始人、合伙人、員工、投資人,資源股東等等。針對他們的權利進行整體性安排,以實現(xiàn)企業(yè)維護創(chuàng)始人控制權、凝聚合伙人團隊、讓員工分享公司財富、促進投資者進入等目標。
On the basis of the dual equity structure, the company's shareholders are divided into multiple types, including founders, partners, employees, investors, resource shareholders, etc. Make overall arrangements for their rights, so as to achieve the goals of the enterprise, such as maintaining the control of the founder, uniting the partner team, allowing employees to share the company's wealth, and promoting the entry of investors.
相對于前兩種股權架構來說,多元架構能充分考慮企業(yè)各類主體間的利益關系,以及各類主體對企業(yè)本身的貢獻等多方因素,來指導股權的劃分思路,因此在此種架構下劃分股權能有利于公司整體的快速發(fā)展,而不是個別股東利益大化,同時也符合企業(yè)治理的需求。
Compared with the first two equity structures, the diversified structure can fully consider the interest relationship between various entities of the enterprise, as well as the contribution of various entities to the enterprise itself and other factors to guide the division of equity. Therefore, the division of equity under this structure can be conducive to the rapid development of the company as a whole, rather than the maximization of the interests of individual shareholders, and also meet the needs of corporate governance.
企業(yè)股權設計不能一蹴而就,也不可能一勞永逸。股權設計將是一個在發(fā)展中不斷完善的過程。無論你選擇做什么,你追求好的程度決定你成就的高度。創(chuàng)業(yè)尤其如此!更多關于股權的內容就來我們網站
http://www.lfttpm.com咨詢吧!
The design of corporate equity cannot be accomplished overnight, nor can it be done once and for all. Equity design will be a process of continuous improvement in development. No matter what you choose to do, the degree of your pursuit of good will determine the height of your achievements. This is especially true of entrepreneurship! For more information about equity, please visit our website http://www.lfttpm.com Ask!