一元股權架構股權的設計方案
發布時間:2021-07-08 發布人:山東股章瀏覽次數:732次 來源:www.newadnetwork.com
一元股權架構這種是指股權的股權比例、表決權(投票權)、分紅權均一體化。
The unitary equity structure refers to the integration of equity proportion, voting right (voting right) and dividend right.
在這種結構下,所有中小股東的權利都是根據股權比例而決定的。這是最簡單的股權結構,需要重點避免的就是公司僵局的問題!實際中存在幾個表決權“節點”:
Under this structure, the rights of all minority shareholders are determined according to the proportion of equity. This is the simplest ownership structure, the key to avoid is the deadlock of the company! In practice, there are several "nodes" of voting rights
1. 一方股東持有出資比例達到33.4%以上的;
1. One shareholder holds more than 33.4% of the capital contribution;
2. 只有兩位股東且雙方出資比例分別為51%和49%的;
2. There are only two shareholders and the proportion of capital contribution is 51% and 49% respectively;
3. 一方出資比例超過66.7%的;
3. The proportion of one party's contribution exceeds 66.7%;
4. 有兩股東且各方出資比例均為50%的。
4. There are two shareholders and the proportion of each party's capital contribution is 50%.
在這里,第三種出資比例意味著,公司在任何情形下都不會形成僵局,因為表決權比例已經高達“三分之二”以上,對任何表決事項都可以單方形成有效的公司決議,除非公司章程對股東須“同意”的人數作出最低限制。最為糟糕的是第四種股權結構,在兩股東各占50%表決權的機制下,意味著公司作出任何決議均必須由雙方一致同意方可有效。
Here, the third proportion of capital contribution means that the company will not form a deadlock under any circumstances, because the proportion of voting rights has reached more than "two-thirds", and any voting matter can unilaterally form an effective company resolution, unless the articles of association set a minimum limit on the number of shareholders who must "agree". The worst is the fourth ownership structure. Under the mechanism of 50% of the voting rights of the two shareholders, it means that any resolution made by the company must be agreed by both parties.
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