无论是上市公司还是非上市公司,控制权都是与公司息息相关的话题,它同时也是股权架构的主旋律。下面
山东股权顶层架构设计公司就从控制权的本质以及涉及到哪些问题了解起来吧。
Whether it is a listed or non listed company, control is a topic closely related to the company, and it is also the main theme of the equity structure. Let's understand the essence of control and the issues involved in the top-level architecture design of Shandong Equity Company.
控制权的本质
The Essence of Control
控制权本质上是为了利益,这是由公司的营利法人属性决定的,它就像一个公开的魔咒,小公司、大公司、公司、境外公司都难逃这个话题。拥有了控制权,控制人不仅可以按照自己的设想与思路去打造这家公司,实现个人梦想,而且还可以获得超额的“控制利益”。
Control is essentially for the sake of profit, which is determined by the profit-making legal personality of the company. It is like a public curse, and small companies, large companies, Chinese companies, and overseas companies cannot escape this topic. With control, the controller can not only build the company according to their own ideas and ideas, achieve personal dreams, but also obtain excess "control benefits".
控制权还关系到公司未来的发展战略、目标落地路径以及终的成败,从根本上来看,控制权是公司发展的核心与灵魂。不同的是,有的企业家先知先觉,在公司设立之初以及后续融资过程中牢牢掌握着对公司的控制权,有的企业家后知后觉,等到大难临头才追悔莫及;更多的企业家,是刚开始未能充分认识到股权及其控制权的重要性,但通过后来的不断调整,重新夯实了控制权。
Control is also related to the company's future development strategy, target implementation path, and ultimate success or failure. Fundamentally, control is the core and soul of the company's development. The difference is that some entrepreneurs have a prior understanding and firmly control the company at the beginning of its establishment and subsequent financing process, while others have a later understanding and regret until a major crisis approaches; More entrepreneurs initially did not fully recognize the importance of equity and its control, but through continuous adjustments later on, they re consolidated their control.
控制权涉及哪些问题
What are the issues related to control
归纳起来,控制权涉及的主要问题就是“123”,即:
In summary, the main issue related to control is "123", which means:
个目标:为了获取利益,很少有为了情怀去争夺控制权的。
Goal: In order to gain benefits, there are few people who compete for control over emotions.
2个手段:法律上的控制、事实上的控制。法律上的控制主要通过股权架构及相关协议安排实现;除了法律上的控制以外的所有方法都是事实上的控制,比如掌握公章、营业执照、财务账册、人事安排等;从控制效果上看,法律上的控制是根本的控制,事实上的控制只是暂时性的控制,它终要让位于法律上的控制。
Two means: legal control and de facto control. Legal control is mainly achieved through equity structure and related agreement arrangements; All methods except legal control are de facto control, such as mastering official seals, business licenses, financial books, personnel arrangements, etc; From the perspective of control effectiveness, legal control is fundamental control, while de facto control is only temporary control, and it will eventually give way to legal control.
3个类型:创始人内部的控制权争夺、管理层与股东的控制权争夺、外部投资人与原大股东之间的控制权争夺。
Three types: internal control struggle among founders, control struggle between management and shareholders, and control struggle between external investors and former major shareholders.
其中,创始人内部的控制权争夺在许多情况下是由公司设立之初的不合理股权架构造成的,管理层与股东的控制权争夺是在股权较为分散的情况下管理层与股东进行的博弈,而外部投资人与原大股东之间的控制权争夺则往往发生于双方对公司估值没有达成预期目标,或者对自身定位存在认识偏差,或者为了其他利益诉求而进行的较量的时候。
Among them, the internal control struggle among founders is often caused by the unreasonable equity structure at the beginning of the company's establishment. The control struggle between management and shareholders is a game between management and shareholders when the equity is relatively dispersed, while the control struggle between external investors and the original major shareholders often occurs when both parties fail to achieve the expected goals of the company's valuation or have a deviation in their understanding of their own positioning, Or when competing for other interests.
That's all for the main theme of the equity structure - control rights. If you have any doubts or needs, please come to our website http://www.daoshangbao.com Consult!