股权激励方案落地执行
十年股权整理解决方案落地实施

股公司是指通过持有某一公司一定数量的股份从而对该公司进行控制的公司。控股公司不但拥有子公司在财政上的控制权，而且拥有经营的控制权，并对重要人员的任命和大政方针的确定有决定权，甚至可以直接派人去经营管理。

A stock company refers to a company that controls a company by holding a certain number of shares. The holding company not only has financial control over its subsidiaries, but also operational control, and has decision-making power over the appointment of important personnel and the determination of major policies, and can even directly send personnel to operate and manage.

设立控股公司的优势

Advantages of establishing a holding company

总体由言，控股公司的优势在于：有利干强化大股东控制权；有利公司行收税收筹划；有列于开展企业多元化业务：有利于管理与传承家族财富。

Overall, the advantages of a holding company lie in: strengthening the control of major shareholders; Favorable company revenue tax planning; It is conducive to conducting diversified business for enterprises, which is beneficial for managing and inheriting family wealth.

有利于强化大股东控制权

Beneficial for strengthening the control of major shareholders

通常而言，我们在设计股权激励方案时，都会在顶层设计仿木建议企业成立一个家族控股公司，持股比例好超过50%。一方面，在控股公司持股的股东都是家族成员，家族成员对企业经营的意见发生分歧时，所有问题都会放在公司内部结局，对外始终保持一个声音，这样就可以免因股东意见不一致导致的企业经营波动。在保持股权架构的同时也确保大股东对公司的控制。

Generally speaking, when designing equity incentive plans, we would suggest at the top level that companies establish a family holding company with a shareholding ratio of over 50%. On the one hand, the shareholders holding shares in the holding company are all family members. When family members have different opinions on the operation of the company, all issues will be brought to the internal end of the company, and a voice will always be maintained externally. This can avoid business fluctuations caused by shareholder disagreements. Ensure control over the company by major shareholders while maintaining the equity structure.

另外，成立控股公司也相当于在股东层面设立了一道防火墙。控股公司作为一种制度安排，通过持股、业务、管理人员等方面的限制。在母公司与附属机柜之间，以及附属机构相互之间设置屏障，旨在隔断各种业务之间的风险传递，以防止风险相互传染。由于存在防火墙，控股公司内部产生的矛盾不会传递到下属业务公司。同样的业务公司出现的一些经营风险也不会透过控股分司传递到大股东本人身上。

In addition, establishing a holding company is equivalent to setting up a firewall at the shareholder level. Holding companies, as a form of institutional arrangement, are restricted in terms of shareholding, business, and management personnel. Set up barriers between the parent company and affiliated cabinets, as well as between affiliated institutions, with the aim of isolating the transmission of risks between various businesses, in order to prevent the transmission of risks to each other. Due to the presence of a firewall, conflicts arising within the holding company will not be transmitted to its subsidiary business companies. Some operational risks of the same business company will not be transmitted to the major shareholders themselves through the controlling subsidiaries.

有利于公司进行税收筹划

Beneficial for the company's tax planning

成立控公司后。控股公司从主体公司获得的分红收益可以不必分红到控股公司股东，而是直接由控股公再次用投资、消费，这部分资金不需要再缴纳企业所得税和个人所得税。相反，若是自然人直接持股，虽然分红收益可以直接给自然人，但该收益必先扣除个人所得税后方能用作其他用途。因此，从企业多元化的角度看，控股公司在一定层面上可以进行税务筹划。

After establishing the controlling company. The dividend income obtained by the holding company from the main company does not need to be distributed to the shareholders of the holding company, but can be directly reinvested and consumed by the holding company, without the need to pay corporate income tax and personal income tax. On the contrary, if a natural person directly holds shares, although the dividend income can be directly given to the natural person, the income must be deducted from personal income tax before it can be used for other purposes. Therefore, from the perspective of corporate diversification, holding companies can carry out tax planning to a certain extent.

控股公司在税务筹别上一般是围绕以下几个目标进行的：（1）递延缴纳股息收人的所得税，在一般情况下，母公司只有在收到子公司汇入的股息后。才能把这部分股息还原为应税所得公司积。如果控股公司作为一个子公司，股息不汇入母公司，就可以递廷缴纳母公司的所得税

Holding companies generally focus on the following objectives in tax classification: (1) deferring income tax on dividend payments. In general, the parent company only receives dividends from its subsidiaries. Only then can this portion of dividends be restored to the taxable income of the company. If the holding company is a subsidiary and the dividends are not remitted to the parent company, it can submit to the court to pay the income tax of the parent company

(2)增加税收抵免限额。这是指建立控股公司后，可以把原来由各个子公可分别计算税收抵免限额改变为综合计算。在各个子公可不出现亏损的情况下，综合计算要比分别计算分到更多的抵免限额。（3）递延缴纳资本利得的所得税。在控股公司所在国免证资本利得所得税的条件下，母公司的财产若通过控设公转让，其增益若不汇入母公司，可递延纳所得税。

(2) Increase the tax credit limit. This means that after establishing a holding company, the tax credit limit that was previously calculated separately by each subsidiary can be changed to a comprehensive calculation. In the case where each subsidiary company does not incur losses, the comprehensive calculation should allocate more credit limits than separately calculating. (3) Deferred payment of income tax on capital gains. Under the condition of exemption from capital gains income tax in the country where the holding company is located, if the assets of the parent company are transferred through the holding company and the gains are not remitted to the parent company, the income tax can be deferred.

同时，由于控股公司所获得的分红收益是无法直接分到自然人股东手中的，所以我们在进行股权激励时，好预留一小部分股权在控股公之外，以自然人方式持有。公司上市后，股东可以通过二线市场抛套套现一部分用以改善个人及家庭生活

At the same time, as the dividend income obtained by the holding company cannot be directly distributed to natural person shareholders, it is advisable to reserve a small portion of equity outside the holding company for natural person ownership when conducting equity incentives. After the company goes public, shareholders can use the second tier market to sell and cash out a portion to improve their personal and family life

有利于开展企业多元化业务

Beneficial for conducting diversified business for enterprises

控股公司财力厚，为了加速资产增值，减少市场风险，普遍采用多元化经营战略。公司若想开展其他业务，控股公司会提供一个很好的平台。其所获收益不仅仅可以投资到主体公司，也可投资到其他产业，为多元化发展打下基刷。控股公司进入市场经济的多种领域，产品注重系列化和多元化，因而竞争发展能力较强。

The holding company has strong financial resources, and in order to accelerate asset appreciation and reduce market risks, it generally adopts a diversified business strategy. If the company wants to carry out other businesses, the holding company will provide a good platform. The profits obtained can not only be invested in the main company, but also in other industries, laying the foundation for diversified development. Holding companies enter various fields of the market economy, emphasizing product serialization and diversification, thus having strong competitive development capabilities.

有于管理与传承家族财富

Beneficial in managing and inheriting family wealth

成立一个家族控股公司，并将家族所有成员纳入其中。理论上控股公司内部的股权可以进行分配。但是分配比例也要遵循一般企业的原则不能太过相近，好让企业家自身拥有控制权。尽管作为一个家族，股比及话语权可以进行协商，然而考虑到日后的家族变故或股权传承，太过平均的股份很容易留下隐患，即便子女一代传承不存在问题，到了孙子女可能就会出现问题。因此假设某4口之家的控股公司，可以设计股份分配是：儿子20%,女儿20%，配偶20%，每人腾出5%加在企业家自己头上，股份共计40%，成为大股东。如果儿子继承公司就可以传给儿子，女儿继承就传给女儿，进而控制公司。股份的收益大家都一样，可以按比例也可以事先约定不对称分红。这样做的好处是真个家族都是有企业家控制，而且控制权很稳定，又不急于股份传承。

Establish a family holding company and include all family members in it. In theory, equity within a holding company can be allocated. However, the distribution ratio should also follow the principles of general enterprises and not be too similar, so that entrepreneurs can have control over themselves. Although as a family, the share ratio and discourse power can be negotiated, considering future family upheavals or equity inheritance, overly equal shares can easily leave hidden dangers. Even if there are no problems with the inheritance of children from generation to generation, problems may arise when it comes to grandchildren. Therefore, assuming that the holding company of a family of four can design a share distribution of 20% for sons, 20% for daughters, and 20% for spouses, each freeing up 5% and adding it to the entrepreneur's own head, with a total of 40% of the shares becoming the major shareholder. If the son inherits the company, it can be passed on to the son, and if the daughter inherits, it can be passed on to the daughter, thereby controlling the company. The returns on shares are the same for everyone, and asymmetric dividends can be agreed upon proportionally or in advance. The advantage of doing this is that the entire family is controlled by entrepreneurs, and the control is very stable, without being in a hurry to inherit shares.

清官难断家务事，专业的力量不能说企业让谁接班，但是专业的力量可以预先设计好一个游戏规则，将来企业按照这个规则去接班。控股公司的好处就是借助这个专业的力量事先打造好的架构，未来企业在选择接班人的时候通过内部协商后即可在控股公司内实现企业传承。

A clean official is difficult to handle household chores, and professional strength cannot say who the company will take over. However, professional strength can design a game rule in advance, and the company will take over according to this rule in the future. The advantage of a holding company is to leverage this professional force to create a pre built structure. In the future, when selecting a successor, enterprises can achieve corporate inheritance within the holding company through internal negotiation.