When the managers came home to inform the news, Li Mu also asked someone to send the news to the palace. Several people who were close to him, such as Tang Jian, Cheng Yaojin, Wang Ou, etc., although they had nothing to do with salt and mine, he still sent someone to send a letter to participate as an attendant.

After the person was sent out, Li Mu and his family had a nice meal of hot pot, and then set off with Li Chongyi.

In the morning, Li Mu arrived in heaven and earth. He ignored all the projected gazes and went straight to the fourth floor with a lift. Before he came, almost all the invited people had arrived and sat together in groups of three or three according to their respective camps.

Li Mu glanced at him and almost all the people on the front arrived. Wang Gui and Changsun Wuji not only arrived by themselves, but also brought Changsun Chong and Wang Pu with him. Obviously, they were training the two of them as the leaders.

Eunuch Gao also arrived. Seeing Li Mu coming, he came over and whispered a few times, telling Li Mu that Li Shimin was also here, but he was not at the scene and was talking to Li Yuan.

Li Mu knew that when he officially started his lecture, Li Shimin would definitely come. But he had nothing to worry about. He had already thought about the content of today's meeting clearly and thoroughly during the "Sage Time" in the morning.

Seeing that the time was almost over, Li Mu stood up, came to the case prepared for him by Eunuch Chen, and stood up. He raised the homemade loudspeaker he brought and said, "Please calm down, listen to me!"

The discussion gradually stopped, and Li Mu waited until he was completely quiet before he spoke again: "First of all, I want to say that today I gathered everyone here and said that I would like to be the person in charge to be present in person, not me, Li Mu. But what I want to say today involves your money and the amount involved is not small. As the initiator of the Datang Salt Industry and Datang Mining Industry, I have the obligation to explain it to everyone clearly, and this is also to clear the responsibility. Otherwise, if there is any problem in the business, everyone blames me. I, Li Mu, cannot afford to pay millions of dollars of property."

No one objected to this, it was true. Even the family members of the five surnames and seven sects dare not say that their family's fortune is one million. Although Li Mu is well-known for his wealth, he is only willing to spend money. If he is concerned about his fortune, any of them will be several times higher than him.

Li Mu signaled to the old lady Chen next to him. The old lady Chen called two people up and brought a shelf with a piece of rice paper on it, which acted as a blackboard.

Li Mu took the brush and wrote the word "company" on rice paper. Of course, the words are very ugly, but those who come here today are not for the sake of appreciating calligraphy, and no one chooses him.

Li Mu pointed to the ‘company’ and said, “I won’t exchange greetings, and I will go straight to the point. First of all, I want to explain why I have to put in such a lot of effort to organize a company. The reason is very simple, because the business to be done is too big, and no one can afford it. Therefore, we must gather everyone’s strength to do this business. Then the problem arises. For such a large business and such a large profit, who can calculate, how to distribute the profits, and how to achieve fairness? This is the meaning of the existence of the company.”

"When you invest, I have explained to you the meaning of shares and the meaning of shareholders. What I want to say now is a step further. I want to tell you the corresponding shares and the power you have. I will pass on the method to you, and you can also learn from it when doing other businesses."

After Li Mu finished speaking, he wrote down sixty-seven, fifty-one, thirty-four, ten, and four numbers on the paper. After writing, he put the brush aside and explained: "Divide the shares of a company into one hundred parts. If one person occupies 67 of them, it means that he has absolute control over the company. He may not listen to the opinions of all other shareholders, and one person decides everything, including dissolution of the company. Of course, this situation will never happen in the current two companies, and I will explain the reason later."

"If one person owns fifty-one shares, it means that he has relative control over the company. Relative control cannot be dissolved, but the company can be arranged at will."

"If a person has thirty-four shares, it means that he has veto power over what the company does. The veto power means that the person cannot decide what the company does, but he can decide what the company cannot do."

"If one person has ten copies, it means that he can retain the right to question the company's decision. He can raise questions and invite shareholders to meet to express his opinion. If shareholders who hold more than fifty-one copies have expressed support for his doubts, he can change the company's decision."

"People with less than ten shares can only exercise joint management rights. For example, two shareholders with five shares can jointly exercise the rights and interests of ten shareholders, as long as the two of you have the same idea. Otherwise, shareholders with only five shares can only share profits and have no management rights."

The four boundaries proposed by Li Mu are four of the nine life-and-death lines of equity in later enterprises, which is a simplified version. He did not move them all because nothing else is used and it is not applicable. For example, when filing for bankruptcy, the several companies he currently initiated to organize cannot involve bankruptcy at all. The main problem is distribution.

After Li Mu finished speaking, he looked at everyone and asked, "If anyone doesn't understand, you can ask it and I'll explain it."

No one spoke, Li Mu continued: "Back to the question I left behind just now, why do I say that there will be no 67 shareholders in the two companies at present? That's because the industries involved in these two companies are the foundation of the country."

When Li Mu said this, he discovered Li Shimin in the corner, paused and continued: "The fundamentals of the country must be in the hands of the court. In other words, the world belongs to the Li Tang, and the fundamentals of the country must be in the hands of the court. If I don't explain this, everyone must understand it."

"Therefore, Datang Mining and Datang Salt Industry will not only not have 67 shareholders, but also 51 shareholders will not appear. This is a premise, and without this premise, the company cannot be established."

Everyone present can understand what Li Mu said.

"As the initiator of two companies, I set up the company that there are and only one thirty-four shareholders. He can exercise his veto power, and he will automatically become the spokesperson for all shareholders. He will negotiate with the court on behalf of all shareholders under the restrictions of the law. I call it a 'legal person'. Except for this thirty-four shareholders, all other shareholders shall not exceed 15%. This is to prevent the formation of a situation of 'two dominance'. In the case of already having one thirty-four shareholders, and another 17 shareholders, the shares they unite exceed 51, which is enough to determine anything about the company, so such restrictions are necessary."

"However, judging from the current situation, even thirty-four shareholders is a huge amount of money, because the registered capital of each company is one million guan, and thirty-four guan, which is thirty-four guan. No one can afford it. In order to solve this situation, I suggest that everyone establish a company. That is, not to use a single family as the company shareholder, but to exercise power as the company shareholders by the united company. In this way, small investors can also participate in the investment."

As he said that, Li Mu came to Wang Gui and said, "Give you an example. Taiyuan Wang family is a 34 shareholder of Datang Mining, but Taiyuan Wang family cannot afford 340,000 guan. So under my guidance, Wang Shizhong established the Taiyuan Group. He joined forces with the nine major tribes of Taiyuan and jointly invested 340,000 guan, of which Taiyuan Wang family invested 230,000 guan, occupying 67 of the Taiyuan Group, forming absolute control. With Taiyuan Group as the 34 shareholder of Datang Mining, Taiyuan Group also exercised its veto power. Can you understand what I said?"

It was just a little adaptation, and there was no difficulty in understanding, and no one questioned it.

"Very good!" Li Mu nodded with satisfaction and said, "After talking about the equity structure, let's talk about the matter about the sharing of the accounts."

Li Mu smiled and showed his very standard six teeth. Somehow, when everyone saw him laughing like this, his heart trembled, and there was an idea coming out: He should be doing something again!

As they thought, Li Mu cleared his throat and said, "It is a good idea that you can't get up early without profit. I will give you such advice and launch such a big business, so naturally there will be rewards." Li Mu glanced at it and asked, "Everyone, is it very reasonable for me to make such a request?"

Things have reached this point, can it still be unreasonable? Especially in the Tang Dynasty Salt Industry, Li Mu has not told them how to make salt. Without the salt method, everything is just a cloud. What else can I do if I don’t agree?

Li Mu said without caring about whether anyone objected or not, "After I came to Chang'an, I had two businesses in general. Everyone knows that Bashang winery and horse farm are two items. They cooperate with my brother Li Siwen and Uncle Cheng, the Duke of Su Guo. I don't hide it. I take half of the winery. Everyone knows that the business of the winery is good because of my secret method. I suffered a little loss, but it doesn't matter. This is a matter between our brothers, and I don't mind. Besides, the horse farm, the horse farm

I accounted for 20%. This is how these two percent are calculated. One percent of them is because I came up with this idea. Without my ideas, there would be no horse farm. There is also one percent because the betting of the horse farm uses my algorithm. My algorithm can ensure that the horse farm does not lose money, which is worth 10%. Originally, I also participated in the business, and the value was 10%. But now the horse farm has entered the regular business and I don’t need to participate in the business. I will return this amount. Uncle Cheng is here, so everyone can ask if it is divided like this."

Everyone looked at Cheng Yaojin, and Cheng Yaojin nodded. Although there were some differences, it was basically the case.
Chapter completed!