有限合伙企业是我国《合伙企业法》规定的一种合伙企业模式，另一种合伙企业模式为普通合伙企业。有限合伙企业由普通合伙人和有限合伙人组成，普通合伙人对合伙企业的债务承担无限连带责任（与普通合伙企业的合伙人责任相同），有限合伙人以合伙份额为限承担有限责任，有限合伙企业普通合伙人为当然的合伙事务执行人即合伙企业的控制人。

Limited partnership enterprise is a type of partnership enterprise model stipulated in the Partnership Enterprise Law of China, and another type of partnership enterprise model is a general partnership enterprise. A limited partnership enterprise is composed of general partners and limited partners. The general partners bear unlimited joint and several liability for the debts of the partnership enterprise (the same as the partnership liability of a general partnership enterprise), limited partners bear limited liability limited to their partnership shares, and the general partners of a limited partnership enterprise are the natural executors of partnership affairs, that is, the controllers of the partnership enterprise.

正是基于以上的法律特征，有限合伙企业被众多公司的创始股东和投资者所青睐。他们成立了越来越多的合伙企业成为有限公司、股份公司乃至上市公司的投资股东，对公司的经营管理施加影响或实施有效的财务投资。那么在公司的股权结构设计中有限合伙企业有何“妙用”？

It is precisely based on the above legal characteristics that limited partnership enterprises are favored by many founding shareholders and investors of companies. They have established more and more partnership enterprises as investment shareholders of limited companies, joint-stock companies, and even listed companies, exerting influence on the company's management or implementing effective financial investments. So what are the "clever uses" of limited partnership enterprises in the design of the company's equity structure?

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应用一：公司股东可以通过有限合伙企业对公司实施有效的控制权

Application 1: Company shareholders can exercise effective control over the company through limited partnership enterprises

在当前公司治理模式下，公司股权往往意味着公司的话语权即控制权，创始股东或股权投资人往往对公司的话语权极为看重，因此他们成立有限合伙企业作为投资主体，自己成为有限合伙企业的普通合伙人掌控合伙企业，从而间接控制有限合伙企业在公司的表决权，实现控制公司的目的。

In the current corporate governance model, corporate equity often means the company's discourse power, that is, control power. Founder shareholders or equity investors often attach great importance to the company's discourse power. Therefore, they establish a limited partnership enterprise as the investment subject, and become the general partner of the limited partnership enterprise to control the partnership enterprise, indirectly controlling the voting rights of the limited partnership enterprise in the company and achieving the goal of controlling the company.

应用二：财务投资者可以成为有限合伙企业的有限合伙人规避公司的投资经营风险

Application 2: Financial investors can become limited partners of limited partnership enterprises to avoid investment and operational risks of the company

有限合伙企业的有限合伙人以合伙份额为限对合伙企业的债务承担，而无需与普通合伙人一起承担无限责任，这一点与有限公司股东的有限责任相似。作为财务投资者，追求的不是公司的控制权，而是投资回报，规避投资风险是其首要考虑，因此在以有限合伙企业作为投资主体时，他们往往会成为有限合伙企业的有限合伙人分享投资回报，规避经营风险。

The limited partners of a limited partnership enterprise are limited to their partnership shares and are not required to assume unlimited liability together with the general partners, which is similar to the limited liability of shareholders of a limited company. As financial investors, what they pursue is not control over the company, but investment returns. Avoiding investment risks is their primary consideration. Therefore, when using limited partnership enterprises as investment entities, they often become limited partners of limited partnership enterprises to share investment returns and avoid operational risks.

应用三：有限合伙企业有节税效应

Application 3: Limited partnership enterprises have tax saving effects

根据《合伙企业法》规定，合伙企业属于税收透明体，不征收企业所得税，经营收益可以穿透合伙企业流入合伙人账户，由合伙人缴纳一次所得税即可，在有的地方如新疆霍尔果斯等地，还有税收返还等政策，因此通过合伙企业作为投资主体可以有效的节省税务开支，形成节税效应。

According to the provisions of the Partnership Law, the partnership belongs to a tax transparent body, and does not collect enterprise income tax. The operating income can flow through the partnership into the partner's account, and the partner can pay the income tax once. In some places, such as Khorgos, Xinjiang, there are also policies such as tax returns. Therefore, the partnership as an investor can effectively save tax expenses and form a tax saving effect.