Clarify the rights, responsibilities, and benefits of partners

親兄弟都要明算賬，所以合伙人之間的分工與回報，在早期是一定要明確分配好的。合伙創業講究情懷沒錯，但終也是要實現實際利益，怎么能夠體現你的利益和價值，很重要一點就是股權股比。后者是你在這個項目中的作用，以及利益的重要體現。

Both brothers and sisters need to have clear accounts, so the division of labor and rewards between partners must be clearly allocated in the early stages. It is true that partnership entrepreneurship emphasizes emotions, but ultimately it also aims to achieve practical benefits. How to reflect your interests and value is very important, which is the equity to equity ratio. The latter is an important manifestation of your role and interests in this project.

有助于創業公司的穩定

Helps stabilize startup companies

的公司因為股權分配而出問題，終因為股權問題導致創始人間的矛盾不斷，從而影響企業的發展。

Our company encountered problems due to equity distribution, ultimately leading to ongoing conflicts among the founders and affecting the development of the enterprise.

影響公司的控制權

Affects the control of the company

一個穩定發展的公司不可能有很多控制權，只能有一個老大。比如真功夫，一會兒是蔡達標，一會兒又是潘宇海獨攬大權，方針策略不同，對企業的發展勢必會有很大影響。如果他們的股比能形成一個核心的控制權，爭議完全可以避免。

A stable and developing company cannot have much control, it can only have one boss. For example, true kung fu, sometimes it's Cai Guanda, and sometimes it's Pan Yuhai who monopolizes power. Different policies and strategies will inevitably have a significant impact on the development of the enterprise. If their stock ratio can form a core control, disputes can be completely avoided.

進入資本市場的必要條件

Necessary conditions for entering the capital market

理想狀態下，創業公司會經歷五個階段：起始——天使投資——風險投資（通常不止一輪）——Pre-IPO融資——IPO。每一個階段都需要尋找新的投資人融資，也必然會被問到股權架構分配問題。如果你的股權架構是五五分，不會有資本方愿意進來的。相信每個創業者的創業項目都有IPO這個目標，只要IPO，資本市場就一定要求你的股權結構要明晰，合理。

In an ideal state, a startup company will go through five stages: initiation - angel investment - venture capital (usually more than one round) - Pre IPO financing - IPO. At each stage, it is necessary to seek new investors for financing, and it is inevitable to be asked about the allocation of equity structure. If your equity structure is fifty-five percent, there will be no capital willing to come in. I believe that every entrepreneur's entrepreneurial project has the goal of IPO. As long as an IPO occurs, the capital market must require a clear and reasonable equity structure.