1.股权结构，开始不重视，后期要改变很困难。

1. The ownership structure is not valued at the beginning, and it is difficult to change in the later stage.

公司股权结构，开始的安排肯定不一定对，应该约好，干上两三年，根据实际贡献重新分配股权。这是没有干过公司的人说的话，如果真的这样做，大概率是把公司扯垮。

The initial arrangement of the company's equity structure is certainly not right. We should make an appointment, work for two or three years, and redistribute the equity according to the actual contribution. This is what people who have never worked in the company say. If they do, they will probably tear the company down.

2.考虑股权结构，要立足长远，不要过于依赖短期因素。

2. Considering the ownership structure, we should be based on the long-term and do not rely too much on short-term factors.

例如，某两个股东之间关系很好，于是考虑股权结构时，把两个人的股权当成一个人看，或者由于关系好，股权多少无所谓，这都不是立足长远的态度。

For example, the relationship between two shareholders is very good, so when considering the ownership structure, treat the equity of two people as one person, or because of the good relationship, it doesn't matter how much equity, which is not based on the long-term attitude.

公司需要长远发展，而人与人的关系是变化的。就算两个人关系永远好下去，下一代呢？还这么好么？因此，在股权设计上，股东之间应有的态度是：亲兄弟，明算账。

The company needs long-term development, and the relationship between people is changing. Even if the relationship between two people goes on forever, what about the next generation? Is it still so good? Therefore, in the equity design, the proper attitude among shareholders is: close brothers, clear accounts.

3.不要僵化看待股权结构

3. Don't treat the ownership structure rigidly

要认识到，股权结构优劣是相对的，而不是绝 对的；是活的，不是死的。

We should realize that the advantages and disadvantages of ownership structure are relative, not absolute; It's alive, not dead.

每个盘，股东人数，股东关系，股东能力性格，拥有的资源，在公司的地位和作用，等等，都不相同，这就决定了股权结构的多样性。

Each plate, the number of shareholders, shareholder relations, shareholder ability, personality, resources, status and role in the company, etc. are different, which determines the diversity of ownership structure.

任何结构都有好的一面和不好的一面，只是如何趋利避害的问题。说某种股权结构好或者不好，都是相对的。好与不好，其实是同等情况下出现好或不好的结果的概率大小问题。不排除一般认为很差的股权结构，公司做得很好的情况。反过来讲，好的股权结构也不一定就出现好的结果。

Any structure has both good and bad sides, but how to seek advantages and avoid disadvantages. It is relative to say that a certain ownership structure is good or bad. Good and bad are actually the probability of good or bad results under the same circumstances. It is not ruled out that the company is doing well due to the poor ownership structure. Conversely, a good ownership structure does not necessarily produce good results.

同一家公司，发展阶段不同，与之相适应的股权结构也不尽相同。同时，随着公司向前发展，因为重组、融资、并购、上市、股权激励等行为，股权结构也必然会发生变化。

The same company has different stages of development, and the corresponding ownership structure is also different. At the same time, with the development of the company, the ownership structure is bound to change due to reorganization, financing, M & A, listing, equity incentive and other behaviors.

总体上讲，公司的股权总是从集中到逐步分散的。多数情况下，创始人对公司的控股，一般会按照以下路线变化：

Generally speaking, the company's equity is always from centralized to gradually decentralized. In most cases, the founder's holding of the company will generally change according to the following route:

绝 对控股（持股三分之二以上甚至全部）——控股（持股二分之一以上）——相对控股（持相对大股，其他人很难撼动其掌控权）。

Absolute holding (holding more than two-thirds or even all) - holding (holding more than half) - relative holding (holding relatively large shares, it is difficult for others to shake their control).