创业公司合理的股权结构,是每一名创始人可以提前安排到位的。在这期间,如果遇到这4种情况,要怎么解决呢?下面
山东股权合伙设计公司为您出谋划策。
A reasonable equity structure of a startup company is one that every founder can arrange in advance. During this period, how to solve these four situations? Next, Shandong Equity Partnership Design Co., Ltd. will give you suggestions.
1、融资主体股东人数过多,存在短期价值股东
1. There are too many shareholders of financing subject, and there are short-term value shareholders
尽量不要让不适合或者没有长期价值的人成为股东。如果他们已经是你的合伙人股东了,那么需要重视工具。针对长期资源型股东,需要使其与公司层面进行隔离,要么找其他股东代持,要么进入持股平台;尽量将资源进行量化,设定股权确认机制,如果未到达预期目标可以要求其进行回购或者补充投资。针对短期资源型股东,如果已经进行到股东层面,那么可以与合伙人商议补充约定回购方式的协议。
Try not to let people who are not suitable or have no long-term value become shareholders. If they are already your partner shareholders, you need to attach importance to tools. For long-term resource-based shareholders, it is necessary to isolate them from the company level, either find other shareholders to hold shares on their behalf, or enter the shareholding platform; Try to quantify the resources and set the equity recognition mechanism. If the expected goal is not reached, it can be required to repurchase or supplement the investment. For short-term resource-based shareholders, if they have reached the shareholder level, they can negotiate with partners to supplement the agreement on the repurchase method.
2、股权比例存在僵局法律风险
2. Legal risk of deadlock in equity ratio
按照4C股权分配方法对股权比例重新分配;利用工具进行二元股权架构设立,如一致行动人、投票权委托、合伙制度等;如果股权实在比较分散,则可以将预留出的期权池集中创始人一人代持,让创始人掌握更多主动权。
Reassign the equity proportion according to the 4C equity distribution method; Use tools to set up the dual equity structure, such as the person acting in concert, voting power entrustment, partnership system, etc; If the equity is really scattered, the reserved option pool can be centralized and held by the founder on his behalf, so that the founder can take more initiative.
3、股权分配依据不科学,欠缺公平与长远考虑
3. The basis for equity distribution is not scientific and lacks fairness and long-term consideration
凭借经验的股权分配,可能它缓解了眼前的获取稀缺资源的压力,但是股权结构不是面向未来的结构,越往后会支付很高的股权成本,后面后患无穷,因为后面的人就很难再进来了,所有人都会和这个人比,凭什么他有30%,越到后来,这是一个没有办法解的结。运用4C股权分配理论重新考量。
Depending on the experience of equity distribution, it may alleviate the immediate pressure to obtain scarce resources, but the equity structure is not a future-oriented structure. The higher the future, the higher the cost of equity will be paid, and the future will be endless. Because it is difficult for the people behind to come in again, everyone will compare with this person. Why he has 30%, and the later, this is an unsolvable problem. Use 4C equity distribution theory to reconsider.
4、没有做好控制权设计与具体约定决策机制
4. The control right design and specific agreed decision-making mechanism are not well done
要将权力分层,分为股东决策和运营决策。股东决策层面要有一个“拍板人”,即实际控制人。而运营决策更多的是需要化的分析作出决定。因此,将合伙人进行化分工,各个合伙人拥有自己领域的决策权,可以给CEO一票否决权。
The power should be divided into shareholder decision-making and operation decision-making. At the decision-making level of shareholders, there should be a "clapper", that is, the actual controller. However, the operation decision needs more professional analysis. Therefore, the partners are divided into professional divisions. Each partner has the right to make decisions in his own field and can give the CEO a veto.
These are the four major questions and difficulties of equity partnership design. For more information, please visit http://www.daoshangbao.com 。 We will provide you with more information about equity design!