企業(yè)在設(shè)計股權(quán)架構(gòu)時,，如何設(shè)計才能滿足所有合伙人的需求，并讓他們樂意為企業(yè)提供盡可能多的資源,，這需要從投資者,、創(chuàng)始人，以及合伙人等多個角度去科學合理地設(shè)置股權(quán)架構(gòu),。下面山東股權(quán)設(shè)計公司為您講解,。

When designing the equity structure of an enterprise, how to design to meet the needs of all partners and make them willing to provide as many resources as possible for the enterprise needs to scientifically and reasonably set the equity structure from the perspectives of investors, founders and partners. Next, Shandong Equity Design Company will explain to you.

一，從投資者角度設(shè)置股權(quán)架構(gòu),。

1,、 Set the equity structure from the perspective of investors.

投資者愿意投資初創(chuàng)企業(yè)，除了十分看好企業(yè)本身以及創(chuàng)始人的能力之外,，為關(guān)注的就是企業(yè)的股權(quán),。一般投資者對初創(chuàng)企業(yè)的股權(quán)結(jié)構(gòu)分配有以下幾個要求或者喜好：

Investors are willing to invest in start-ups. In addition to being very optimistic about the enterprise itself and the ability of the founder, the focus is on the equity of the enterprise. General investors have the following requirements or preferences for the equity structure distribution of start-ups:

(1)反對平均制股權(quán)架構(gòu),。

(1) Oppose the average ownership structure.

在這一點上，尤其是對剛成立的規(guī)模較小的企業(yè),，投資者更喜歡讓企業(yè)的核心人物拿到比其他人所占的股份總數(shù)還要多的股份,，例如66%、51%的股權(quán)比例,。投資者之所以讓企業(yè)核心人物掌控大股,，原因在于核心人物如果對企業(yè)相對控制權(quán)，那么企業(yè)的決策就不會受到外在因素影響,，從而會讓剛成立的企業(yè)快速發(fā)展壯大,，降低投資者的風險。

In this regard, especially for small enterprises that have just been established, investors prefer to let the core figures of the enterprise get more shares than the total number of shares held by others, such as 66% and 51% of the equity ratio. The reason why investors let the core person of the enterprise control the large shares is that if the core person has relative control over the enterprise, the enterprise's decision-making will not be affected by external factors, which will enable the newly established enterprise to develop rapidly and reduce the risk of investors.

(2)注重股權(quán)調(diào)整預(yù)留空間,。

(2) Pay attention to equity adjustment and reserve space.

投資人都注重初創(chuàng)企業(yè)在創(chuàng)業(yè)初期是否為股權(quán)調(diào)整預(yù)留足夠的空間，即是否為之后的員工激勵和風險設(shè)計期權(quán)池,。這種要求也說明投資人對創(chuàng)始人的眼光很重視,。因為隨著企業(yè)的發(fā)展，需要引進更多的人才與資金,。如果沒有預(yù)留足夠的股權(quán)調(diào)整空間,，那么就要稀釋早期投資者的股權(quán)，這是多數(shù)投資者都不愿意看到的,。

Investors all pay attention to whether the start-ups reserve enough space for equity adjustment at the initial stage of entrepreneurship, that is, whether to design an option pool for employee incentive and risk later. This requirement also shows that investors attach great importance to the vision of the founder. Because with the development of enterprises, more talents and funds need to be introduced. If there is not enough room for equity adjustment, it is necessary to dilute the equity of early investors, which most investors do not want to see.

(3)傾向于有明顯梯度的股權(quán)架構(gòu),。

(3) It tends to have a stock ownership structure with obvious gradient.

一般的投資者都比較喜歡這樣一個股權(quán)架構(gòu)這是種有明顯梯度的服權(quán)架構(gòu)，是投資人認為很好的股權(quán)比例分院架構(gòu)模式,，可以為企業(yè)未來的發(fā)展和壯大打下基礎(chǔ),。

General investors prefer such an equity structure, which is a service structure with obvious gradient. It is a very good equity ratio branch structure model that investors think can lay a foundation for the future development and growth of enterprises.

二，從創(chuàng)始人角度設(shè)置股權(quán)架構(gòu),。

2,、 Set the equity structure from the perspective of the founder.

從創(chuàng)始人角度而言，股權(quán)比例的設(shè)置無非有兩點,，即對于自己,，要有足夠的股權(quán)控制，對于他人,，誰為企業(yè)提供的資源多,，就給誰相對多的股權(quán)。在這里,，對于創(chuàng)始人來說,，擁有企業(yè)控制權(quán)的好方式只有股權(quán)控制。然而很多時候不是所有創(chuàng)始人都能對企業(yè)有控制權(quán),，很多時候創(chuàng)始人也無法在股權(quán)份額上占據(jù)股權(quán)合伙整體解決方案優(yōu)勢,。

From the perspective of the founder, there are no more than two points in the setting of equity ratio, that is, to have enough equity control for oneself, and to give more equity to others who provide more resources for the enterprise. Here, for the founder, the only good way to control the enterprise is equity control. However, in many cases, not all founders can have control over the enterprise, and in many cases, founders can not occupy the overall solution advantage of equity partnership in terms of equity share.

三,，從合伙人角度設(shè)置股權(quán)架構(gòu)。

3,、 Set the equity structure from the perspective of partners.

從合伙人的角度來設(shè)置股權(quán)比例設(shè)置,，要明確怎樣的人是初創(chuàng)資源可分為兩種:一種是短期資源，一種是長期資源,。

To set the equity ratio from the perspective of partners, it is necessary to clarify what kind of people are start-up resources, which can be divided into two types: short-term resources and long-term resources.

短期資源是指能為企業(yè)提供短期貢獻的,，為企業(yè)解決某時期內(nèi)問題的資源。如企業(yè)在發(fā)展瓶頸中特別需要一個技術(shù)支持,，某個合伙人或者員能提供這一點,，那么其就可以獲得一-定的股權(quán)。

Short-term resources refer to resources that can provide short-term contributions to enterprises and solve problems in a certain period of time. If an enterprise needs a technical support in its development bottleneck, and a partner or member can provide this, it can obtain a certain amount of equity.

而長期資源很容易理解,，是指可以為企業(yè)提供長期的資源短缺或者技術(shù)支持,。在分股權(quán)時，需要注意短期需要,、股權(quán)份額不可過多,。

Long-term resources are easy to understand, which can provide long-term resource shortage or technical support for enterprises. When dividing shares, attention should be paid to short-term needs and the share of shares should not be too large.

挑選出合伙人之后，為保證合伙人能傾盡自己的資源為企業(yè)作貢獻,，需要設(shè)置一個股權(quán)機制,，讓合伙人通過付出來獲得相應(yīng)的股權(quán)，此外,，合伙人也可能因為其他原因無法履職,，譬如因故意和重大過失被解雇、離婚,、死亡繼承以及犯罪等離開企業(yè),，所以還應(yīng)該考慮設(shè)置合伙人股權(quán)回購機制，或者考慮使用限制性股權(quán),。更多相關(guān)內(nèi)容就來我們網(wǎng)站http://zyvd.cn咨詢,！

After selecting partners, in order to ensure that partners can make contributions to the enterprise with their own resources, it is necessary to set up an equity mechanism so that partners can obtain the corresponding equity through payment. In addition, partners may also be unable to perform their duties for other reasons, such as being dismissed due to intentional and gross negligence, divorce, death and inheritance, and crime. Therefore, it is also necessary to consider setting up a partner's equity repurchase mechanism, Or consider using restricted equity. Come to our website for more relevant content http://zyvd.cn consulting service