合伙企业的精髓在合，如果大伙儿不合，那么合伙企业很难成功，而股权架构设计是保证大伙儿“合”的前提。企业没有好的股权架构，就会导致后期股权分配不合理，为了股权闹得不欢而散的企业比比皆是，为了避免这类问题，资本大智慧教大家设计企业股权架构的方法，一起来看看。

The essence of partnership lies in cooperation. If everyone is not compatible, it is difficult for the partnership to succeed, and the design of equity structure is the premise to ensure the "cooperation" of everyone. If an enterprise does not have a good equity structure, it will lead to unreasonable equity distribution in the later period. In order to avoid such problems, capital wisdom teaches us how to design the equity structure of an enterprise. Let's have a look.

股权架构设计的目的无非有2种意图：一是解决目前问题;二是解决未来发展的问题。而股权三要素：价值创造;价值分配;价值评估，针对这三个要素，我们再根据辅 导的企业来讲，区分对待，通过系统化、模式化和整体性来解决股权架构。

The purpose of equity structure design is nothing more than two kinds of intentions: one is to solve the current problems; the other is to solve the problems of future development. And the three elements of Equity: value creation; value distribution; value evaluation. For these three elements, we will treat them differently according to the enterprises we tutor, and solve the equity structure through systematization, modelization and integrity.

一：三线合一

1： Three lines in one

这个三线合一是指的梳理企业的业务线、人才线、资金线这样的三大主线。而股权架构设计主要针对的是企业着眼于未来的发展：企业发展阶段、步骤以及每阶段“该做什么，做多少，什么样的关键人才和要多少资金”。

The integration of the three lines refers to the three main lines of business line, talent line and capital line. And the equity structure design is mainly aimed at the future development of the enterprise: enterprise development stage, steps and each stage "what to do, how much to do, what kind of key talents and how much capital".

二：定出3股权重

2： Fixed 3 shares

创始股东遵循民 主集中制的原则，用匿名投 票的方式，可以投出自己的建议和想法，再取出平均值;若分歧较大，可以表达自己的理由和理解;按照民 主集中制的原则，然后有创始人拍板决定人力股、资金股和资源股的各自权重。

According to the principle of democratic centralism, the founding shareholders can cast their own suggestions and ideas by anonymous voting, and then take out the average value; if there is a big difference, they can express their reasons and understanding; according to the principle of democratic centralism, then the founders decide the respective weights of human capital stock, capital stock and resource stock.

三：人力股分配方案

3： Manpower share allocation plan

我们通常说的人力股是全职的核心人才(对业绩产生关键性因素---小麦人才坊创始人刘阳老师经常提到的合伙4大成功条件之一)，分配的原则就是谁贡献大和责任多及能力强，自然谁就占股就我们在为合伙企业辅 导的过程中，通常会分为创始团队股权，期权池两个部分，前部分是指的创始团队成员;而后者则是核心骨干成员，这两项内容会单独详细写文讲述。

We usually say that human resource stocks are full-time core talents (key factors to performance --- one of the four successful conditions of partnership often mentioned by Mr. Liu Yang, founder of wheat talent workshop). The principle of distribution is that whoever makes great contribution, has more responsibility and strong ability will naturally take up the shares. We are assisting the partnership In the process of guidance, it is usually divided into two parts: the equity of the founding team and the option pool. The former part refers to the members of the founding team, while the latter is the core backbone members. These two contents will be described in detail separately.

四：定出资金股的内外融资估值与方案

4： Determine the internal and external financing valuation and scheme of capital stock

这一步重 点说的就是内部股通常指的是创始股东，主要解决启动资金的问题，估值则有股东协商而定，常常指的是启动资金的需求;外部融资股则是通过2轮左右的需要而预留股权。另外，也可以不预留股权，当企业发展需要融资的时候再稀释股权即可。

The key point of this step is that the internal shares usually refer to the founding shareholders, which mainly solve the problem of start-up capital. The valuation is determined by shareholders' negotiation, which often refers to the demand for start-up capital. The external financing shares reserve equity through about two rounds of needs. In addition, we can not reserve equity, when the development of enterprises need financing, then dilute equity.

五：预定资源股兑现条款和交易结构

5： Cash terms and trading structure of scheduled resource stocks