股权架构的几种类型包含什么呢?据
济南股权架构设计公司多年的经验和研究,实际上有三种股权架构类型,一是一元股权架构,二是二元股权架构,三是4X4股权架构。下面来讲讲吧。
What are the types of equity structure? According to the experience and research of Jinan Equity Structure Design Company for many years, there are actually three types of equity structure, one is the unitary equity structure, the second is the binary equity structure, and the third is the 4X4 equity structure. Let's talk about it.
1、一元股权架构
1. Unitary equity structure
这种是指股权的股权比例、表决权(投票权)、分红权均一体化。在这种架构下,任何股东的权利是根据股权比例而区别的。这也是简单的架构,需要重点避免的就是公司僵局的问题。
This refers to the integration of equity ratio, voting rights (voting rights) and dividend rights. Under this framework, the rights of any shareholder are differentiated according to the equity ratio. This is also a simple structure. What needs to be avoided is the company deadlock.
实务中存在几个表决权“节点”:一是一方股东持有出资比例达到33.4%以上的;二是只有两位股东且双方出资比例分别为51%和49%的;三是一方出资比例超过66.7%的;四是有两股东且各方出资比例均为50%的。
In practice, there are several "nodes" of voting rights: first, one shareholder holds more than 33.4% of the capital contribution; The second is that there are only two shareholders and the proportion of contribution of both parties is 51% and 49% respectively; Third, the proportion of one party's contribution exceeds 66.7%; Fourth, there are two shareholders and each party's contribution proportion is 50%.
在这里,第三种出资比例意味着,公司在任何情形下都不会形成僵局,因为表决权比例已经高达“三分之二”以上,对任何表决事项都可以单方形成有效的公司决议,除非公司章程对股东须“同意”的人数作出低限制。为糟糕的是第四种股权结构,在两股东各占50%表决权的机制下,意味着公司作出任何决议均须由双方一致同意方可有效。
Here, the third contribution ratio means that the company will not form a deadlock under any circumstances, because the proportion of voting rights has reached more than "two-thirds", and effective corporate resolutions can be formed unilaterally on any voting matters, unless the articles of association set a low limit on the number of shareholders who must "agree". The worst is the fourth equity structure. Under the mechanism of two shareholders each accounting for 50% of the voting rights, it means that any decision made by the company must be agreed by both parties.
2、二元股权架构
2. Dual equity structure
是指股权在股权比例、表决权(投票权)、分红权之间做出不等比例的安排,将股东权利进行分离设计。我国的公司法修订后规定,章程可以约定同股不同权,当然,在股份公司下,只有不同类别的股东才能这样设计,同一类股票的权利应该是一致的。这种架构设计,适合那些,需要将分红权给某些合伙人,但将决策权给创始人的多个联合创始人的情况。
It refers to the unequal proportion arrangement between equity ratio, voting right (voting right) and dividend right, and the separation design of shareholders' rights. After the revision of the Company Law of our country, it is stipulated that the articles of association can stipulate different rights for the same share. Of course, in a joint-stock company, only different types of shareholders can design this way, and the rights of the same class of shares should be consistent. 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、4X4股权架构
3. 4X4 equity structure
是在二元股权架构的基础上,将公司的股东分为四个类型,创始人、合伙人、员工和投资人。针对他们的权利进行整体性安排,实现企业维护创始人控制权,增强团队凝聚力、促进投资者进入等目标。这种股权架构能充分考虑企业各类主体的利益关系及各类主体对企业本身的贡献等因素。
Based on the dual equity structure, the shareholders of the company are divided into four types: founder, partner, employee and investor. Make overall arrangements for their rights to achieve the objectives of the enterprise to maintain the founder's control, enhance team cohesion, and promote the entry of investors. This equity structure can fully consider the interests of various entities of the enterprise and the contribution of various entities to the enterprise itself.
这种股权结构区别个别股东利益大化,有利于公司的发展,符合企业治理的需求。整体设计思路是先将公司股权分出一部分给投资人和创始人,然后将剩余的部分根据对公司的贡献程度细分给合伙人和员工。根据前面的步骤看是否存在不合理之处,并相应的进行调整。更多相关内容就来我们网站
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This ownership structure distinguishes individual shareholders' interests and is conducive to the rapid development of the company and meets the needs of corporate governance. The overall design idea is to divide part of the company's equity to investors and founders, and then divide the remaining part to partners and employees according to their contribution to the company. According to the previous steps to see if there is any unreasonable place, and adjust accordingly. Come to our website for more relevant content http://www.daoshangbao.com Consult!