一元股權(quán)架構(gòu)這種是指股權(quán)的股權(quán)比例、表決權(quán)(投票權(quán))、分紅權(quán)均一體化。采用該種股權(quán)架構(gòu)，看似簡(jiǎn)單地解決了股權(quán)分配的難題，但由于股東之間的股權(quán)比例只能根據(jù)其出資來(lái)確定，對(duì)于初創(chuàng)企業(yè)的創(chuàng)始人而言，其對(duì)企業(yè)控制權(quán)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(zhēng)奪企業(yè)控制權(quán)，或是其他的意外變故而喪失了對(duì)企業(yè)的控制。

The unitary equity structure refers to the integration of equity ratio, voting rights (voting rights) and dividend rights. 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.

比一元股權(quán)架構(gòu)更靈活一些的，還有二元股權(quán)架構(gòu)。二元股權(quán)架構(gòu)是指股權(quán)在股權(quán)比例、表決權(quán)(投票權(quán)）、分紅權(quán)之間做出不等比例的安排，將股東權(quán)利進(jìn)行分離設(shè)計(jì)。

What is more flexible than the unitary equity structure is the dual equity structure. 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.

相對(duì)于前兩種股權(quán)架構(gòu)來(lái)說(shuō)，多元架構(gòu)能充分考慮企業(yè)各類主體間的利益關(guān)系，以及各類主體對(duì)企業(yè)本身的貢獻(xiàn)等多方因素，來(lái)指導(dǎo)股權(quán)的劃分思路，因此在此種股權(quán)頂層架構(gòu)設(shè)計(jì)下劃分股權(quán)能有利于公司整體的快速發(fā)展，而不是個(gè)別股東利益大化，同時(shí)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 equity top-level structure design can help the rapid development of the company as a whole, rather than maximize the interests of individual shareholders, and also meet the needs of corporate governance.

多元股權(quán)架構(gòu)設(shè)計(jì)的思路主要有三大步驟：

There are three main steps in the design of diversified equity structure:

一：將公司股權(quán)這一大蛋糕先分出投資人和創(chuàng)始人的份額；

1： Divide the shares of investors and founders from the big cake of company equity;

二：考慮將剩余的蛋糕分給合伙人和員工，并且在合伙人和員工這兩部分蛋糕中，再根據(jù)個(gè)人對(duì)公司的貢獻(xiàn)細(xì)分每個(gè)人應(yīng)得的股份；

2： Consider dividing the rest of the cake to partners and employees, and in the two parts of the cake, subdivide each person's share according to their contribution to the company;

三：查漏補(bǔ)缺，看按照前兩步分得的股權(quán)是否有不合理之處，進(jìn)行調(diào)整。

3： Check and fill in the gaps to see if there is any irrationality in the equity obtained according to the previous two steps, and make adjustments.

企業(yè)股權(quán)設(shè)計(jì)不能一蹴而就，也不可能一勞永逸。股權(quán)設(shè)計(jì)將是一個(gè)在發(fā)展中不斷完善的過(guò)程。無(wú)論你選擇做什么，你追求完美的程度決定你成就的高度。創(chuàng)業(yè)尤其如此！更多相關(guān)內(nèi)容就來(lái)我們網(wǎng)站http://www.lfttpm.com咨詢！

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 perfection determines the height of your achievements. This is especially true of entrepreneurship! Come to our website for more relevant content http://www.lfttpm.com consulting service