個人持股直接架構(gòu)是指公司的股東直接持有公司股份，而不是通過其他公司或合伙企業(yè)等中間實(shí)體間接持有。這種架構(gòu)在公司設(shè)立初期較為常見，因?yàn)樗唵沃苯樱子诶斫夂筒僮?。?yōu)點(diǎn)：1. 易于實(shí)施：在公司成立初期，直接持股方式因其簡單性而被廣泛采用，股東根據(jù)出資額直接獲得公司股份。股權(quán)結(jié)構(gòu)透明，股東權(quán)益一目了然。

Individual shareholding direct structure refers to the direct ownership of company shares by shareholders, rather than indirect ownership through other companies or intermediate entities such as partnerships. This architecture is more common in the early stages of company establishment because it is simple, straightforward, easy to understand and operate. Advantages: 1 Easy to implement: In the early stages of company establishment, the direct shareholding method was widely adopted due to its simplicity, where shareholders directly acquired company shares based on their capital contributions. The equity structure is transparent, and shareholder equity is clear at a glance.

2. 靈活性：股權(quán)的轉(zhuǎn)讓、贈與或繼承等操作相對簡單，便于在公司發(fā)展過程中根據(jù)需要進(jìn)行調(diào)整。

2. Flexibility: The transfer, gift, or inheritance of equity is relatively simple, making it easy to adjust as needed during the company's development process.

3. 避免雙重征稅：在分紅時，個人股東直接獲得稅后凈收益，避免了公司層面和個人層面的雙重征稅問題。

3. Avoiding double taxation: When distributing dividends, individual shareholders directly receive after tax net income, avoiding the problem of double taxation at both the company and individual levels.

4. 較低的交易稅負(fù)：個人股東在轉(zhuǎn)讓上市公司股票時，通常享有較低的個人所得稅率，甚至在某些情況下可以免稅。

4. Lower transaction tax burden: Individual shareholders usually enjoy lower personal income tax rates when transferring shares of listed companies, and in some cases can even be exempt from taxes.

5. 免征增值稅：個人轉(zhuǎn)讓上市公司股票通常免征增值稅，這為股東提供了額外的財務(wù)優(yōu)勢。缺點(diǎn)：1. 隔離風(fēng)險能力差：如果公司經(jīng)營不善導(dǎo)致破產(chǎn)，自然人股東可能需要以個人財產(chǎn)來清償公司的債務(wù)。

5. Exemption from Value Added Tax: Individuals transferring stocks of listed companies are usually exempt from Value Added Tax, which provides additional financial advantages for shareholders. Disadvantages: 1 Poor risk isolation ability: If a company goes bankrupt due to poor management, individual shareholders may need to use their personal assets to repay the company's debts.

2. 持股分紅用于再投資的稅負(fù)較高：個人取得分紅進(jìn)行再投資時，首先公司分紅到個人股東手上需繳納20%個人所得稅。

2. The tax burden for reinvesting dividends from shareholding is relatively high: when individuals receive dividends for reinvestment, the company first needs to pay a 20% personal income tax when distributing dividends to individual shareholders.

3. 不利于控制權(quán)集中：在自然人直接持股的結(jié)構(gòu)中，如果沒有特別設(shè)置，當(dāng)公司出現(xiàn)對外融資需求時，特別是經(jīng)過多輪融資后，公司股東持股比例極易被稀釋，影響控制權(quán)。

3. Not conducive to concentration of control: In a structure where natural persons directly hold shares, if there is no special setting, when the company has external financing needs, especially after multiple rounds of financing, the shareholding ratio of the company's shareholders is easily diluted, affecting control.

4. 容易陷入股東僵局：在自然人直接持股的結(jié)構(gòu)中，如果股權(quán)比例設(shè)定不盡合理，當(dāng)產(chǎn)生股東爭議時，公司治理可能陷入僵局。

4. Easy to fall into shareholder deadlock: In a structure where natural persons directly hold shares, if the equity ratio is not set reasonably, corporate governance may be deadlocked when shareholder disputes arise.