在股权结构设计中，我们需要注意以下几个要点，避免误入“雷池”，下面济南股权架构设计公司为您讲解。

In the design of equity structure, we need to pay attention to the following points to avoid falling into "Lei Chi". Next, Jinan Equity Structure Design Company will explain to you.

1.明确核心股东

1. Identify core shareholders

企业股权结构设计，核心是大股东地位的明确，包括在股东会拥有的表决权和对公司的控制力。

The core of the design of corporate equity structure is the definition of the status of major shareholders, including the voting rights in the shareholders' meeting and the control power over the company.

大股东不清晰，企业股权分配就没法继续，即使继续下去了，也容易为日后的股权纠纷埋下伏笔。很多股权纠纷，都源于大股东不清晰。

If the major shareholders are not clear, the enterprise's equity distribution cannot continue. Even if it continues, it is easy to pave the way for future equity disputes. Many equity disputes are due to the uncertainty of major shareholders.

创业企业从一开始就要明确公司的核心股东及其拥有的核心控制权。这样，即使大股东没有绝对控股权，企业也可以通过AB股计划、事业合伙人制等确保大股东对公司的控制力，不至于在股东会与董事会层面，因权力无法集中致使公司沧为赌徒手里不断转售的纸牌。

Starting enterprises should clarify the core shareholders of the company and their core control right from the beginning. In this way, even if the major shareholders have no absolute control right, the enterprise can ensure the controlling power of the major shareholders over the company through the AB share plan, business partnership system, etc., not at the level of the shareholders' meeting and the board of directors, because the power can not be centralized, the company has become a paper card that is constantly resold by gamblers.

2.保证合伙人股东地位

2. Guarantee partner's shareholder status

风险共担、利益共享是合伙的特征。因此，我们在设计股权结构时，也要科学评估合伙人在企业中的作用，保证合伙人的股东地位和持股比例，为未来合伙人并肩作战、共进退打好基础。

Risk sharing and benefit sharing are the characteristics of partnership. Therefore, when designing the equity structure, we should also scientifically evaluate the role of partners in the enterprise, ensure the shareholder status and shareholding ratio of partners, and lay a solid foundation for future partners to fight side by side, advance and retreat together.

3.跳出完全按照出资比例分配股权原则

3. Jump out of the principle of equity distribution in full proportion to capital contribution

现代企业出资中，除了资金还有劳务、专利、知识产权等，所以，完全按照出资多少分配股权是不合理的。因此建议企业科学评估各类出资(资金、创意、技术、运营、个人)，跳出完全按照出资比例分配股权的原则，鼓励有特殊价值的股东和员工，发挥人力资本的大优势，增强公司竞争力，吸引投资者。

In addition to the capital contribution of modern enterprises, there are labor services, patents, intellectual property rights, etc., so it is unreasonable to completely distribute the equity according to the amount of capital contribution. Therefore, it is recommended that enterprises scientifically evaluate all kinds of contributions (capital, creativity, technology, operation, personal brand), jump out of the principle of fully allocating equity according to the proportion of contributions, encourage shareholders and employees with special value, give full play to the great advantages of human capital, enhance the competitiveness of the company, and attract investors.

4.股权结构简单、明晰

4. Simple and clear equity structure

简单明晰指股东人数不是太多，股权构成不过于复杂，不存在大量的代持人、期权池、交叉持股、双股权、委托投票权等。初创企业科学的配置是3个人，这样在沟通方面会有缓冲地带，有助于维护公司和创业项目的稳定。

Simple and clear means that the number of shareholders is not too large, the equity composition is not too complex, and there is no large number of proxy holders, option pools, cross-shareholdings, dual equity, and entrusted voting rights. The scientific allocation of three people for start-ups will provide a buffer zone in communication and help maintain the stability of the company and entrepreneurship projects.

5.股权兑现约定

5. Equity vesting agreement

除了股权分配约定，股权结构设计还应该有股权兑现约定，公平保护合伙人之间的付出，激发各合伙人尽心尽力为企业效力，保证团队稳定，维持项目的长期战略。一般来说，按照合伙人在公司工作的天数，股权分4~5年逐步兑现。

In addition to the equity distribution agreement, the equity structure design should also have the equity vesting agreement to fairly protect the payment between partners, stimulate all partners to work hard for the enterprise, ensure the stability of the team, and maintain the long-term strategy of the project. Generally speaking, according to the number of days that partners work in the company, the equity is gradually realized in 4-5 years.

6.股权退出机制约定

6. Equity withdrawal mechanism agreement

没有退出机制，很容易导致合伙企业股权战争。例如，有的合伙人因健康、家庭变故或能力等原因无法胜任合伏企业工作，离职时不想退股，但其他合伙人不同意。由于事先没有约定合伙人的退出机制，对合法回购退出合伏人的股权束手无策，这样就很容易导致股权剑纷。

Without an exit mechanism, it is easy to lead to equity war in the partnership. For example, some partners are not competent for the work of Hefu Enterprise due to health, family changes or ability, and do not want to withdraw their shares when leaving, but other partners do not agree. Because there is no agreement on the withdrawal mechanism of the partners in advance, there is no way to legally repurchase and withdraw the shares of the partners, which can easily lead to equity disputes.

我们建议合伙企业在设计股权结构时，应该就退出机制的公平合理性进行充分沟通，并签署相关协议。

We suggest that when designing the equity structure, the partnership should fully communicate the fairness and rationality of the exit mechanism and sign relevant agreements.

7.谨防外部资本控股

7. Beware of external capital holdings

外部资本控股存在很多问题，不利于公司的长期发展。

There are many problems in external capital holding, which is not conducive to the long-term development of the company.

创始团队感觉是在为别人打工，没有足够的工作动力;其次，没有预留足够股权利益空间吸引优良的合伙人加入，影响公司长远发展后，外部资本对公司的实际经营状况了解有限，容易做出错误决策。

The founding team felt that they were working for others and did not have enough motivation to work; Secondly, there is not enough equity interest space reserved to attract excellent partners to join the company. After affecting the long-term development of the company, external capital has limited knowledge of the company's actual operating conditions and is prone to make wrong decisions.

因此，企业在设计股权结构时，应考虑到未来融资对股权稀释的问题，谨防外部资本控制公司。一般来说，一个公司从初创到上市，需要4~5轮融资，好是用小步快跑的方式，多融资几轮没关系，但每一轮都不要对股权稀释太多，确保核心控股股东地位。

Therefore, when designing the equity structure, enterprises should take into account the dilution of equity by future financing and beware of external capital controlling companies. Generally speaking, a company needs four to five rounds of financing from its start-up to its listing. The good thing is to use a small step and run fast. It doesn't matter how many rounds of financing, but don't dilute too much equity in each round to ensure the status of core controlling shareholders.

8.股权结构不要平均化

8. Don't average the equity structure

每个合伙人对公司的贡献都不可能一一样，如果平均分配股权，自然会让付出多的合伙人不满，容易引发纠纷，导致项目半途而废。比较成功的模式是有一一个核心大股东做为决策中心，另外搭配几个有话语权的小股东，保持不同意见的同时又能保证拍板决策的及时有效。

It is impossible for each partner to make the same contribution to the company. If the equity is distributed equally, it will naturally make the partners who pay more dissatisfied, which is easy to cause disputes and lead to the project being abandoned halfway. The more successful model is to have one core major shareholder as the decision-making center, and several minority shareholders with the right to speak, to maintain different opinions while ensuring the timely and effective decision-making.

股权结构是一个弹性可塑的动态交互模式，创业者应充分考虑公司的发展方向、经营状况和融资需求以及出资人价值、投资额、收益兑现等因素，在进行深入分析后合理设计股权结构，并根据公司的发展变化及合伙人变动等实时调整股权结构。更多相关内容就来我们网站http://www.daoshangbao.com咨询！

The equity structure is a flexible and dynamic interactive model. The entrepreneurs should fully consider the company's development direction, operating conditions and financing needs, as well as the investor's value, investment amount, income realization and other factors, reasonably design the equity structure after in-depth analysis, and adjust the equity structure in real time according to the company's development and changes and partner changes. Come to our website for more relevant content http://www.daoshangbao.com consulting service