發布時間：2021-07-12 發布人：山東股章瀏覽次數：689次 來源：www.newadnetwork.com
All along, many entrepreneurs, even those who have begun to start businesses, have asked the same question, that is, how to determine the equity ratio of partners, that is, the equity structure design. Only by making clear the proportion of equity distribution can we make clear the responsibilities and interests of partners, so as to improve the efficiency of partnership entrepreneurship.
About the design of equity structure of entrepreneurial team, including who can participate in equity distribution, how to cut the equity cake, the factors to be considered in equity distribution, the mature mechanism of partner equity and the arrangement of partner exit mechanism for special reasons, etc.
(1) Which groups are not suitable to participate in the equity distribution of start-ups? Partners are the people who work together. In terms of entrepreneurship, the understanding should be a team that can be back-to-back, work independently, and achieve effective integration of their own advantages, including R & D, operation, capital and channels. Partners are closely connected and can not be replaced. Only these partners are suitable for equity distribution.
(2) How to cut the equity cake? The company's equity cannot be divided by the partners. The indispensable support for the development of the partnership also includes new partners, core employees and investors.
Therefore, when cutting the equity cake, we should have a long-term vision, and reserve the shares of new partners, employee incentive shares and investors that need to be introduced in the future. There is no fixed proportion of specific reserved shares, which needs to be determined by the partnership team according to the actual situation. These reserved shares can be held by CEO partners. Of course, the reservation here is for ordinary limited liability companies. For joint stock limited companies, there is no such problem. Joint stock companies can issue additional shares and do not have to use the reservation method.
(3) After the reserved equity, the remaining equity is basically the equity that can be distributed by partners. The distribution ratio usually takes into account the following factors. Proportion of capital contribution: if all partners agree to make capital contribution in proportion and the resource advantages of each party are basically equal, it can be directly distributed according to the proportion of capital contribution. If only part of the partners contribute, the partners who contribute can obtain more equity than those who do not.
(4) The legal value of partner equity maturity mechanism is to prevent the impact of the withdrawal of individual partners on the project. The equity allocated by the agreed partners is not the real equity, but the maturity and realization with conditions.