股权激励方案落地执行
十年股权整理解决方案落地实施

有限合伙持股平台与有限公司持股平台相比较，有效合伙持股平台具有以下三方面优势：

Compared with limited company shareholding platforms, effective partnership shareholding platforms have the following three advantages:

决策高效

Efficient decision-making

在有限合伙企业层面，由创始股东或其掌控的有限公司作为合伙企业的普通合伙人，由激励对象作为有限合伙人。根据《合伙企业法》的规定，有限合伙企业由普通合伙人执行合伙事务，有限合伙人不执行合伙事务，不得对外代表有限合伙企业。因此，有限合伙企业可以由创始股东实际掌控，且可以依法独自进行决策，避免如有限公司形式下各种机构之间的内耗，显著提高决策效率。当然，也不能为了过分追求高效而变成创始股东独裁，否则必将挫伤作为有限合伙人的激励对象的积极性。依据《合伙企业法》第六十八条，有限合伙人对合伙企业享有一定的监督权和重大事项的决策权。

At the level of limited partnership enterprises, the founding shareholders or their controlled limited companies serve as the general partners of the partnership enterprise, and the incentive objects serve as limited partners. According to the provisions of the Partnership Enterprise Law, limited partnership enterprises shall be executed by general partners in partnership affairs, and limited partners shall not execute partnership affairs and shall not represent limited partnership enterprises externally. Therefore, limited partnership enterprises can be effectively controlled by the founding shareholders and can make decisions independently in accordance with the law, avoiding internal friction between various institutions in the form of limited companies and significantly improving decision-making efficiency. Of course, one should not become a founding shareholder dictatorship in pursuit of excessive efficiency, otherwise it will inevitably dampen the motivation of being a limited partner as an incentive target. According to Article 68 of the Partnership Enterprise Law, limited partners have a certain degree of supervisory power and decision-making power over major matters of the partnership enterprise.

便于创始股东的控制

Facilitate control by founding shareholders

有限合伙企业与有限责任公司的一大不同在于：有限公司是以股权比例来决定控制权归属，而有限合伙企业则是以身份来决定控制权归属。即有限合伙企业中作为普通合伙人的创始股东，并不需要像公司股东那样，依靠持有大部分股权才能控制平台。普通合伙人因法律赋予其对合伙企业的独家管理经营权，因此不需要依靠持股份额来实现对平台的控制，通常，普通合伙人仅持有合伙企业1%以内的份额，剩余99%的合伙份额可以充分用来进行股权激励。这又将有利于提高激励的效果。

A major difference between a limited partnership and a limited liability company is that a limited company determines the ownership of control based on its equity ratio, while a limited partnership determines the ownership of control based on its identity. As the founding shareholder of a limited partnership enterprise as a general partner, it does not need to rely on holding a majority of equity to control the platform, as the company's shareholders do. General partners are granted exclusive management and operation rights over the partnership enterprise by law, so they do not need to rely on their shareholding to achieve control over the platform. Generally, general partners only hold less than 1% of the partnership enterprise's shares, and the remaining 99% of the partnership shares can be fully used for equity incentives. This will also be beneficial for improving the effectiveness of incentives.

税负优势

Tax burden advantage

相比有限公司持股平台形式，有限合伙持股平台可以减少平台应缴纳的企业所得税，具有税收优势。按照《财政部 国家税务总局关于合伙企业合伙人所得税问题的通知》（财税〔2008〕159号），合伙企业以每一个合伙人为纳税义务人。合伙企业合伙人是自然人的，缴纳个人所得税；合伙人是法人和其他组织的，缴纳企业所得税。合伙企业生产经营所得和其他所得采取“先分后税”的原则。分别计算合伙人的所得税，合伙企业本身不缴纳所得税。

Compared to the limited company shareholding platform, the limited partnership shareholding platform can reduce the corporate income tax that the platform should pay and has tax advantages. According to the Notice of the Ministry of Finance and the State Administration of Taxation on the Income Tax Issues of Partnership Enterprise Partners (Caishui [2008] No. 159), partnership enterprises shall designate each partner as the taxpayer. If the partners of a partnership enterprise are natural persons, they shall pay personal income tax; Partners are legal persons and other organizations who pay corporate income tax. The production and operation income and other income of partnership enterprises adopt the principle of "distribution before taxation". Calculate the income tax of partners separately, and the partnership enterprise itself does not pay income tax.

综上可见，有限合伙企业比有限责任公司更适合作股权激励的持股平台。从实践中看，近年来，有限合伙持股平台是常见的股权激励方式。

In summary, limited partnership enterprises are more suitable as equity incentive platforms than limited liability companies. From a practical perspective, in recent years, limited partnership shareholding platforms have become a common equity incentive method.