Research On Legal Risk And Prevention Of Small And Micro Enterprises In The Public Offering Of Shares

In the new normal in China’s economy,the rapid development of Small and micro businesses has become the focus of economic development in recent years,the main platform has become an important driving force for economic growth and innovation of market economy development,and the public to raise equity through the Internet platform for small micro in equity financing business development support,both have complementary and mutual benefit of natural,the Small and micro businesses through public equity plan of its own rapid development has become a very common practice,the ultimate goal is to solve the Small and micro businesses financing difficulties,financing expensive problem,real Small and micro businesses,promote the development and progress of Small and micro businesses.However,because the pre evaluation mechanism,stroke control mechanism and post supervision mechanism is not perfect,the congregation raised platform of the profit tendency,investors and investment led between the principal-agent relationship and other issues,Small and micro businesses financing still exist adverse selection and risk management information asymmetry may result in public equity then,with a lag the investment income uncertainty and disputes and other factors,Small and micro businesses to raise public equity financing is still facing greater legal risk.Based on this,our small and micro enterprises in the public equity raise in the establishment of legal risk in advance due diligence mechanism,the control mechanism,after the withdrawal mechanism and the mechanism of dispute and other legal aspects put forward measures to prevent the public to raise equity financing risk.In addition to the introduction of the first chapter,this paper mainly includes the following four parts:The first part of the public ownership and the model overview.This paper mainly introduces the public offering of shares as a new financing model,which has different characteristics in the aspects of technology dependence,financing subjec t,investment subject and risk rank.The second part is the practice of raising public equity in the development of small and micro enterprises.Combined with the case of "public investment state" platform for Small and micro businesses financing and the financing of the real problems,analysis of main structure,raise public equity financing mode,operating profit pattern and value,positive equity financing is a new financing model,can support and help to the development of new small enterprises can stimulate the national minimally invasive.Entrepreneurial vitality,create flexible entrepreneurial atmosphere,provide a wider way for the development of small and micro enterprises developing.The third part of the problem of the development of public ownership.Current equity raise the rapid rise in the development of our country in the period,both in the public equity raised platform for the development of the number and amount of financing has reached an unprecedented height,but the development of the business is not easy,of which there are a lot of problems,the most concern and attention is the legal risks mainly in: financial fraud and illegal issuance of securities risk,the risk of illegal fund-raising illegal deposits from the public,equity investment too aggressive investment risk,risk management and investment exit mechanism,service system and CO produced single project failure risk funds.The fourth part is the small and micro enterprises in the public interest to raise the legal recommendations.On the basis of in-depth analysis of China’s public equity raise legal problems and risks,combined with the experience of the legal regulation of foreign equity raising,the Small and micro businesses to raise public equity advance evaluation mechanism,control mechanism and supervision mechanism of stroke and other suggestions,such as: pre development comprehensive due diligence and the third party the guarantee system,the full implementation of enterprise information disclosure and investment risk guarantee endorsement;achieve registration,tax audit such as the establishment of the public to raise equity in supporting system;establish the system of accountability system and post responsible for supporting and credit system,to avoid the abuse of power enterprises and investors,to maximize the protection of small and micro enterprise independent development and long-term investors hold the equity,and ultimately promote the rapid and healthy development of Small and micro businesses.