"As for the shares, everyone should have no objections. According to each person’s investnt proportion, the total investnt is 850,000, Qin Yun invested 400,000, occupying 47% of the shares, I invested... occupying..." Hu Congrong said.
The more you invest, the more shares you get, and in the future, when it profits, you will earn more. But if it loses, the risk you bear is also the greatest.
"As for equity, I ntioned in the group chat earlier, the hotpot restaurant is a physical store, so it is composed of three parts: capital stock accounts for 60%, talent stock accounts for 30%, and resource stock accounts for 10%."
It’s not just about how much you invest to occupy how much equity in the company.
In the process of starting a business as partners, situations often arise where there are partners who invest but don’t work, and there are partners who both invest and work, contributing not just their money, but also their labor value.
There is also a situation where shareholders both invest and put in labor, but their abilities vary in size.
It can be imagined that such a situation makes it impossible to distribute rights according to investnt alone.
This is an actual problem that any company must address. Poor resolution can lead to unfair and unreasonable equity distribution, affecting partner relationships and the entrepreneur’s work enthusiasm.
It can even affect the developnt of the enterprise, sotis causing conflicts between partners, ultimately resulting in a parting of ways.
Take the current hotpot restaurant, for instance: the total investnt is 850,000, with Qin Yun investing 400,000, the largest investor.
However, the hotpot base is provided by Yu Leyao, and the one with the strongest managent ability is Hu Congrong...
Looking at everyone, Hu Congrong continued, "The capital stock is very definite. As for the manpower stock, it will be determined according to everyone’s contribution to the hotpot restaurant, now it’s just a rough figure."
"According to temporary adjustnts, Qin Yun holds a 30% share, Leyao provided the hotpot base, etc., holding a 19% share."
Yu Leyao didn’t invest much, but in the hotpot restaurant, the hotpot base is very important. Just by providing this base, she can obtain 19% of the company rights; no one disputes this point.
"Additionally, I hold 25%, Wei Xin 10%, Lin Yu 8%, Wang Yuchen 8%."
"This is the roughly drafted equity agreent now," Hu Congrong said.
"After the hotpot restaurant opens, major decisions need to be discussed by all six people together. Shares only represent dividends, not other rights, decisions require more than 51% equity to be implented."
As it stands, Qin Yun and Yu Leyao are from the sa school, their relationship is undoubtedly better; Lin Yu and Wang Yuchen are from the sa school, and so are Hu Congrong and Wei Xin.
Six people, essentially forming three parts.
Qin Yun has invested the most, but combined with Yu Leyao, their total equity is 49%, not exceeding 50%. This was intentional by Hu Congrong.
This ans that if Qin Yun and Yu Leyao want to make any major decisions, they must obtain consent from one of the other four people to implent them.
Conversely, even if one of the other four consents, it’s not sufficient; all four must unite to surpass 50% equity for absolute control.
Of course, if the biggest investor Qin Yun and the hotpot manager Hu Congrong unite, they can also achieve absolute control.
"These agreents are temporary, and the equity part will continue to be adjusted according to everyone’s contributions to the hotpot restaurant," Hu Congrong added.
Everyone nodded in agreent, Qin Yun had no objections either, as he joined the hotpot business midway and found these equities reasonable.
In fact, his investnt in the hotpot restaurant was primarily to test his investnt ability; he wasn’t counting on it bringing him substantial profits, nor did he care about the amount of rights. After all, his clothing store could generate at least tens of millions in profit next month!
"Additionally, after the hotpot restaurant operates, if there are profits, at least 30% will be set aside as the hotpot restaurant’s working capital, and the rest will be distributed according to shares."
"Of course, to clarify upfront, everyone now hopes the hotpot restaurant will do better. I hope nobody cuts corners; after investing money, one should not simply wait for dividends without contributing. In such cases, others have the right to return the investnt money and let that person exit directly."
"If anyone decides to exit midway, funds will be returned, and dividends distributed proportionately. Extra equity will be re-negotiated by others..."
"Those wishing to invest more and seek additional shares can also arrange through collective discussion..."
Hu Congrong kept speaking, outlining details elaborately, clearly having been busy with this matter these past days.
In response, everyone offered their suggestions, and the contract agreent gradually improved.
Finally, the group dispersed.
"Senior Sister Hu is truly capable; she understands a lot about how to manage a hotpot restaurant, and has crafted the contract well," Yu Leyao remarked.
Upon hearing this, Qin Yun smiled and said, "Once the hotpot restaurant opens, you’ll surely figure it out too."
"Not necessarily, I’m a bit lazy," Yu Leyao giggled. "I just enjoy researching those seasonings and such, not very interested in doing business."
"By the way, Qin Yun, how’s your clothing store doing?"
She thought for a mont, then asked Qin Yun.
The two chatted casually.
...
Following that, the hotpot restaurant’s progress continued, while Qin Yun’s dorm mates occasionally went around distributing flyers.
Three days later, Qin Yun arrived at the Celestial Fortune office building.
In the finance departnt, Lin Yueshan was busy with her work, which she found quite comfortable. Everyone handled their tasks individually, unlike her previous companies where personal connections were rampant, and problems led to mutual bla shifting.
While busy, Lin Yueshan then received a call from Qin Yun.
"President Qin."
Lin Yueshan ca to the office, slightly respectfully.
"How is Liu Xin’s sister’s situation?" Qin Yun asked, looking at Lin Yueshan.
The Celestial Fortune charity established, the first aid recipient was Liu Xin’s sister.
He previously saw Liu Xin in the dorm but didn’t ask much.
After a mont’s thought, Lin Yueshan replied, "Currently, Liu Dan’s condition is relatively well-controlled, following regular treatnt, the likelihood of recovery is high."
Qin Yun nodded without questioning further, then sent Lin Yueshan away.
Looking at the docunts in his hand, Qin Yun pondered silently.
"Celestial Fortune is developing rapidly now; Cold Dew is the main competitor, besides many hidden enemies."
This is the nature of business; when his business thrives, others’ decline, surely there’s a lot of resentnt towards Celestial Fortune.
Yet, Qin Yun wouldn’t soften; which top-tier group in the world didn’t rise by stepping over nurous peers?
"Therefore, school connections must be mobilized too," Qin Yun contemplated silently.
He couldn’t shake an underlying unease, a feeling that he’d overlooked sothing, feeling that Celestial Fortune had a significant potential hazard. Although aware, he couldn’t pinpoint it, unsure of what exactly he’d missed.
Since he hadn’t figured it out, bolstering Celestial Fortune’s base was essential.
Currently, Celestial Fortune has established a standing in Jinling. Even Cold Dew can’t suppress it. If Jiangyuan University hears this news, they would certainly be pleased and offer Celestial Fortune so support.
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