如何梳理股权架构
发布时间:2022-08-17 发布人:山东股章浏览次数:820次 来源:www.guquanzhanlue.com
在许多股权设计咨询案例中,公司(集团)原来的股权架构复杂凌乱,需要对股权结构重新梳理、对股权重新规划布局、对股权架构重新设计,以便为公司将来上市做准备。股权合伙设计公司认为解决类似问题的思路如下:
In many equity design consulting cases, the original equity structure of the company (Group) is complex and messy. It is necessary to re sort out the equity structure, re plan the layout of the equity and re design the equity structure so as to prepare for the company's future listing. The equity partnership design company believes that the ideas for solving similar problems are as follows:
先要在母公司之下重新注册一个股份有限公司,作为未来公司上市的平台。然后,从两个层面梳理股权架构。
First, a joint stock limited company shall be re registered under the parent company as a platform for the listing of the company in the future. Then, comb the equity structure from two levels.
一,垂直向上,梳理新注册股份有限公司的控股股东,设计原有大股东以自然人持股、高层管理团队以合伙制企业(合伙制企业中,原有大股东做普通合伙人,其他为有限合伙人)持股;
1、 Vertically, sort out the controlling shareholders of the newly registered joint stock limited company, design the original major shareholders to be held by natural persons, and the senior management team to be held by partnership enterprises (in partnership enterprises, the original major shareholders are general partners, and others are limited partners);
二,新注册的股份有限公司收购(置换)各子公司股权,梳理凌乱复杂的股权架构;
2、 The newly registered joint stock limited company acquires (replaces) the equity of each subsidiary and combs the messy and complex equity structure;
三,上市前的股份制改造都是针对“新注册的股份有限公司”。
3、 The joint-stock reform before listing is aimed at "newly registered joint stock limited company".

股权架构原则:涉及到股权架构的基本原则,主要有5点。
Principle of equity structure: there are five basic principles related to equity structure.
一:公平,贡献和股比要有正向相关。所以对于CEO来说,你需要清晰知道每个人每个岗位在各个阶段的不同,对于贡献和股权架构设置也就不能一刀切。
1: Equity, contribution and share ratio have positive correlation. Therefore, as for the CEO, you need to clearly know the difference of each person and each position in each stage, and you can not apply the same approach to the contribution and equity structure setting.
二:效率,主要有三个方面的考量。是资源,比如人的资源,产品、技术、运营和PR,甚至是融资;其次是这个架构要便于公司治理,特别是涉及一些重大决策的时候,能够在议事规则下迅速做出比较高效、正确的判断。后结合二点,这个股权分配架构需要考虑决策,就是要有一个老大,能让任何事情决策更加高效。
2: There are three main considerations for efficiency. First, resources, such as human resources, products, technologies, operations and PR, and even financing; Secondly, this structure should be convenient for corporate governance, especially when some major decisions are involved, and it can quickly make more efficient and correct judgments under the rules of procedure. After combining the two points, this equity distribution structure needs to consider the decision-making, that is, to have a boss, which can make any decision more efficient.
三:便于创始团队对公司的控制,是控制权。
3: It is convenient for the founding team to control the company, which is the right of control.
四:有利于资本运作。这个主要涉及两个层面:融资和挂牌IPO。
4: It is conducive to capital operation. This mainly involves two levels: financing and IPO.
五:避免均等。很简单,避免55开,或者333之类的,这种结构非常糟糕。
5: Avoid equalization. It's very simple. Avoid 55 on or 333 on. This structure is very bad.
如何梳理股权架构?以上便是问题的相关解答内容了,您有需求可随时来我们网站http://www.guquanzhanlue.com进行咨询了解。
How to sort out the equity structure? The above is the relevant answers to the questions. You can come to our website at any time if you need http://www.guquanzhanlue.com Consult and understand.
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