What is the equity structure design of the partner system?

Employee+consultant 15%, investor 15%, and partner 70%.

The actual controller of the company is GP, and the investor or shareholder is LP. Establish a limited partnership, take the limited partnership as a shareholding platform, and purchase the shares of the target company. The shareholder structure of the target company forms the controlling shareholder/actual controller, shareholding platform (limited partnership) and other shareholders.

In the above shareholding structure, the actual controller, as a shareholder of the target company, enjoys a certain proportion of voting rights; As the executive partner of the limited partnership, the actual controller represents the limited partnership, that is, the voting right of the limited partnership to the target company is also controlled by the actual controller GP.

Advantages and disadvantages of two-tier ownership structure;

Main advantages: guarantee the absolute control of the founder and management. The more firmly the founder and management control the company, the more likely it is to inspire ambition and implement a century-old plan. Ensure that the decisions of the founders and management will not be interfered by other shareholders (especially some short-sighted investors).

Main disadvantages: It violates the traditional corporate governance principles. The original intention of one share, one vote is that shareholders can vote against the decisions of the founders and management. However, the emergence of the dual-tier ownership structure has broken this model and caused many legal problems, especially for listed companies. The moat effect brought by the monopoly of voting rights makes the greater the control right of internal shareholders, the more likely it is to adopt the corporate strategy of sacrificing the interests of external shareholders.

Refer to the above? Baidu Encyclopedia-Ownership Structure