Chapter 65 Feelings belong to feelings, business belongs to business
Lin Yi knew nothing about what was happening outside their sight and just did what he had to do as he said before.
In order to get the 300,000 yuan bonus from the Entrepreneurship Competition, Lin Yi and the others are completing a formal procedure, which is to officially register a company.
Yes, they were completely "running naked" for such a long time. This so-called entrepreneurial team didn't even have a business entity in terms of industry and commerce, and no one was checking it based on their previous scale.
This time is different. The 300,000 yuan was provided by MBB, the sponsor of the entrepreneurship competition. As a large multinational company, of course their financial system would not be so sloppy.
Therefore, Lin Yi needs a legal business entity as a formal borrower, and the money can only be transferred to the company's account.
MBB's supervision of funds will not be very strict, but in theory, they have the right to request audits, so when spending money, they must not be as arbitrary as before.
"In this case, we still need a finance major. Does our school have an accounting major?"
Of course, this question can only be answered by Li Moyan, who is most familiar with the school: "It doesn't seem like there is one, but there is a finance major."
"That's about right. Can you find a master's degree student to do part-time accounting?"
It’s not that this position requires advanced knowledge. Accounting is a job where practice makes perfect. Graduate students generally have some internship experience and can get started directly.
"I'm looking for someone." Li Moyan agreed.
Logically speaking, part-time jobs should not be used for such an important position in finance, but Lin Yi only wanted him to do the accounting, and the money could only be in the hands of the three of them.
"There's nothing else. I'll get the business license. In order to get the money early, I guess I'll have to find someone to expedite it."
Li Moyan and Li Jianguo had no objections, but Lin Yi himself added something.
"By the way, there's one more thing."
"I looked at the contract template I was given last time. It stipulates that the three of us will jointly bear a joint and several guarantee obligation of 300,000 yuan. I hope it can be changed to a proportion of equity."
The difference here is that if Yifanwai.com fails to pay the 300,000 yuan when it expires in one year, the so-called joint responsibility means that they can ask any one or more of the three of them to claim back the 300,000 yuan.
What Lin Yi said is that he holds 80% of the new company's equity, so he bears 80% of the guarantee obligation, which is 240,000, while the other two only bear 30,000 each.
This arrangement is mainly to protect the small shareholders, namely Li Moyan and Li Jianguo. Their guarantee amount was suddenly reduced from 300,000 to 30,000.
Because whether it was Lin Yijuan who ran away with the money or poor website management that led to the need to fulfill joint liability in the end, theoretically speaking, they could have been sued for 300,000 yuan.
Of course, if we must be serious, it is possible that Li Moyan and Li Jianguo could escape with their money, but generally speaking, the control rights of major shareholders far exceed that of small shareholders, so this protection is mainly for them.
All in all, what Lin Yi said was not to take advantage of the siblings.
Li Jianguo was still a little confused, so Lin Yi broke it into pieces and explained it in detail.
"Hey, there's no need to be so outspoken. How can my sister and I still not trust you?" After hearing this, this guy was still as careless as ever.
Li Jianguo is a very loyal and good friend, but so far he is not a fully competent business partner. Lin Yi did not explain much and just said:
"Emotions are feelings, business is business."
Li Jianguo seemed to feel that his statement just now sounded too reckless, and added: "Will MBB agree? If so, wouldn't their guarantee be reduced?"
Lin Yi is not too worried about this: "The method they require is excessive guarantee. It makes no sense that we only borrowed 300,000 yuan, but each of the three of us had to bear a debt of 300,000 yuan."
"This is our reasonable request. If they are reasonable, they will agree to it. If it doesn't work, we can go to Professor Li to mediate."
Lin Yi insisted on his opinion, and then turned to another person: "What do you think, senior sister?"
Li Moyan felt that the arrangement here was inappropriate before, and did not raise any objection because he had too little serious business experience. Unexpectedly, Lin Yi took the initiative to ask for this patch.
She looked deeply at Lin Yi, and after working together for so long, she finally had to admit that this nominal junior brother seemed to be more mature than herself.
What Lin Yi didn't know was that the senior sister now planned to learn from him what he originally learned from the other party.
"I think what Lin Yi said makes sense."
After the two of them reached an agreement, of course Li Jianguo no longer had any objections, and the three people's plan was settled.
Lin Yi also encountered the same problem when he went to apply for industrial and commercial registration.
Before setting up a company, there is a step called "name verification", which is mainly to ensure that the company name does not overlap with other companies. Then you will find that the good names you can think of have already been registered by others.
However, this question did not trouble Lin Yi. As a person who could come up with such a casual name as "Yiyi Takeaway Network", he said straightforwardly:
"Any name is fine, as long as it can be registered."
When he got his license back, Li Moyan and Li Jianguo felt awkward looking at the strange name, but they were relieved when they thought of Lin Yi's "criminal record."
With the company, the next step was to open an account. Fortunately, the bank was a commercial institution after all, so it was much more efficient. Soon Lin Yi and the others found the MBB staff again with the neat information.
The other party reviewed the materials they brought very carefully before confirming:
"There is no problem with the materials. Now that you have signed the loan agreement and the guarantee agreement between the three of you, 300,000 yuan can be transferred to your company's account."
"I still want to discuss something about the guarantee agreement." Lin told them all the requirements they had discussed before.
The staff who entertained them said that they could not make decisions without authorization and needed to go back and ask for instructions.
Fortunately, MBB was indeed very generous, and they directly agreed to the request after a while. There was no store boss trying to bully customers to embarrass these students, and Lin Yi's previous plan to ask Li Feifei to come forward was not used.
The result was more satisfactory than Lin Yi imagined.
After signing the contract, Lin Yi asked again: "How long will it take for the money to arrive?"
The staff was amused by his impatience, but explained responsibly: "Don't worry, we are very efficient and can receive the payment within three working days."
Is three working days considered fast?
Although Lin Yi cursed in his heart, he also knew that the efficiency of a large company should not be compared with a small workshop like theirs with only three partners.
The payment cycle of many large companies is calculated on a monthly basis. In some industries, it is not uncommon for the payment cycle to take a year and a half. In comparison, three working days is really considered a good deal.