Company registration is not about shareholders, the better!

Mondo Health Updated on 2024-02-28

A, B and C decided to join forces to create a company that sells elderly health care products, and in the process of registering the company, B proposed that "more people are powerful, and more people should be attracted to join the entrepreneurial team in order to get more start-up capital", and the other two agreed. So, the three began to persuade their friends to join them, and finally the founding team reached 16 people, and received five times more start-up capital than the original.

But the next work is extremely difficult, everyone has their own ideas, and they all want to have more say in the company's operation and strive for more benefits for themselves. It took two months to determine the company's business direction, capital contribution conditions and interest division criteria. In the end, an agreement was reluctantly reached, and some people began to be dissatisfied, and because of their inconsistent time and inconsistent ideas, the registration matter was delayed again and again. As for the fate of this company, needless to say, everyone can already think of it. In fact, teams similar to the above-mentioned entrepreneurial situations are not unseen, because many entrepreneurs hope to have more shareholders to join when registering a company. On the other hand, it is expected that each shareholder can give full play to their respective advantages and help the company's development.

This is a very beautiful idea, and if it can be carried out according to the plan, it will not be difficult to realize the original hope. Just like Alibaba's entrepreneurial team of 18 people, known as the "Eighteen Arhats", this person united as one and promoted Alibaba to the world in a short period of time.

Have you ever thought that Alibaba's multi-founder success story is based on Jack Ma as the absolute core, and the other 17 people are willing to obey Jack Ma's leadership, and Jack Ma is able to fully adopt everyone's suggestions. This kind of core and peripheral team is hard to come by, and Jack Ma also has a large enough pattern to give back to the best economic and social status of entrepreneurial partners. Do other startups have these prerequisites? Do the initiators of other entrepreneurial teams have Jack Ma's wisdom and big picture? Do other entrepreneurial teams have an absolute blue ocean start-up period like Alibaba? Leaving the premise that these n years have not been met, and then looking at the multi-shareholder entrepreneurial team, it is not so beautiful! There are more people participating, except for more funds, everything else is basically disadvantageous. There are many people with many ideas, many people with more selfish interests, and more people with many contradictions, which are enough to offset the benefits brought by the extra start-up capital. The state Zhang Cheng opened the human form Zhang Yu.

In short, in the company registration stage, too many registered shareholders will lead to cumbersome procedures, and it will be more troublesome in the case of equity distribution and dynamic adjustment of equity. More importantly, too many shareholders can lead to problems with resolutions that must be passed by shareholders with more than two-thirds of the voting rights at the shareholders' meeting.

Article 43 of the Company Law stipulates that: "Except as provided in this Law, the manner of deliberation and voting procedures of the shareholders' meeting shall be prescribed by the articles of association. Resolutions made at the shareholders' meeting to amend the articles of association, increase or decrease the registered capital, as well as resolutions on the merger, division, dissolution or change of the form of the company, must be passed by the shareholders representing more than two-thirds of the voting rights. ”

It is understandable that the company can have sufficient start-up capital, but how can it not only collect more funds, but also avoid the registration dilemma caused by too many shareholders? The solution we provide is: there is no need to wait for the number of shareholders to be complete before registering the company, even if there is only one person in the early stage, you can also register a one-person limited liability company first. With the development of the company, other shareholders can be determined according to the actual situation, and then the registration change can be carried out.

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