創業者通過設計進入規則找到合伙人,并組成團隊后,還一定建立與公司治理有關的運營規則。股權將給股東帶來財富和權利,但一定關注公司治理,成熟的股權結構就像一張復雜的利益分配網絡,應通過公司章程和股東協議書,著重從三個核心利益的角度,做出充分的約定。

After entrepreneurs find partners through designing entry rules and form a team, they must also establish operation rules related to corporate governance. Equity will bring wealth and rights to shareholders, but we must pay attention to corporate governance. A mature equity structure is like a complex interest distribution network. We should make full agreements from the perspective of three core interests through the articles of association and shareholders' agreement.

(一)要分好“權”

（1） We should divide "power"

“權”主要是指投 票表決權,這是股東都很看重的一個權利。

"Right" mainly refers to the right to vote, which is a right valued by shareholders.

這個權利一般是通過對股東出資數額、市場優勢、技術優勢、資源投入等方面的評估,再根據其貢獻度,在公司章程和股東協議中確定各股東權利的大小。這個權利的大小不是簡單地按股權比例來確定的,而是以股權比例為基礎所實施的一系列權利結構體系和規范。

This right is generally determined in the articles of association and shareholders' agreement through the evaluation of shareholders' capital contribution, market advantage, technical advantage and resource investment, and then according to their contribution. The size of this right is not simply determined according to the equity ratio, but a series of right structure systems and norms based on the equity ratio.

(二)要分好“工”

（2） We should divide the "work"

分工是為了各司其職,互不扯皮。分工的具體內容將在明確“三會一層”的職責范圍體現出來?！叭龝粚印笔侵腹蓶|會、董事會、監事會和管理層?；舅悸窞?通過股東會表決的方式,將公司的重大事項提交由全體股東決定,并在公司章程中明確股東會的職責范圍。例如,融資、轉股、委派董事以及修改公司章程等。

Division of labor is to perform their respective duties and not quarrel with each other. The specific content of the division of labor will be reflected in clarifying the scope of responsibilities of "three meetings and one layer"“ "Three boards and one layer" refers to the board of shareholders, the board of directors, the board of supervisors and the management. The basic idea is: submit the major matters of the company to all shareholders for decision by voting at the shareholders' meeting, and clarify the scope of responsibilities of the shareholders' meeting in the articles of association. For example, financing, share conversion, appointment of directors and amendment of the articles of association.

(三)要分好“利”

（3） We should divide "profits"

“利”主要是指分紅權。盈利是合伙人創業的目的,只有分配好利益,才能平衡好合伙人關系。合伙人心態平衡了,才能靜心努力地工作,公司的發展才有保障?！豆痉ā贰澳J”按實繳出資比例分紅,在全體合伙人同意的情況下,也可自行約定分紅比例,且分紅比例與出資比例可以不“相等”。分配的基本原則是誰創造價值,就給誰分配利益。

"Profit" mainly refers to the dividend right. Profit is the purpose of partners' entrepreneurship. Only by distributing interests can we balance the partnership. Only when the partners' mentality is balanced can they work calmly and hard, and the development of the company can be guaranteed《 The "default" of the company law is to pay dividends according to the proportion of paid in capital contribution. With the consent of all partners, the proportion of dividends can also be agreed, and the proportion of dividends and capital contribution can not be "equal". The basic principle of distribution is to distribute benefits to those who create value.