| content |
'<h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>从估值到交割，一文扫清“卖公司”的隐形风险</strong></h4><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;">2025年，随着企业信用信息全网互通和税务稽查智能化升级，公司转让的合规门槛显著提高。股权过户中的税务争议、隐性债务连带责任等问题频发，稍有不慎可能导致“卖公司反背债”。本文结合2025年新政，梳理股权转让全流程中的7大高风险环节，并提供可落地的债务隔离方案与工具，助您安全变现、平稳退出。</p><hr style="background: rgb(var(--ds-rgb-label-3)); height: 1px; margin: calc(var(--ds-md-zoom)*12px)0; border-width: initial; border-style: none; border-top-color: initial; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong><br></strong></h4><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>一、2025年公司转让政策风向标</strong></h4><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>1. 股权过户“全网通办”新规</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>电子化升级</strong>：全国推行“股权变更一网通办”系统，工商变更、税务登记、银行信息同步更新，办理时限从30天压缩至10个工作日。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>实名核验</strong>：买卖双方需通过“企业数字身份证”+“法定代表人刷脸”完成在线签署，杜绝代签、冒签风险。</p></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>2. 税务稽查重点变化</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>历史税务穿透稽查</strong>：税务部门可追溯企业近5年的财务报表、发票数据，若发现转让前偷漏税行为，买方可能承担连带责任（除非合同明确“历史债务归属条款”）。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>个税核定从严</strong>：自然人股东转让股权需按“实际收益”或“核定收入”孰高纳税（2025年起，核定比例由15%提升至20%）。</p></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>3. 债务公示强制化</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">转让前需在“国家企业信用信息公示系统”发布《债务清偿公告》，公示期由45天缩短至30天，但债权人可在线申报债权，遗漏申报将导致债务纠纷。</p></li></ul><hr style="background: rgb(var(--ds-rgb-label-3)); height: 1px; margin: calc(var(--ds-md-zoom)*12px)0; border-width: initial; border-style: none; border-top-color: initial; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong><br></strong></h4><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>二、股权转让6步流程与避坑清单</strong></h4><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>▶ 阶段1：公司估值与定价</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>风险点</strong>：净资产评估漏计“表外负债”（如未决诉讼、担保责任）。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>避坑策略</strong>：<br>✅ 聘请第三方机构出具《尽职调查报告》（重点核查：社保欠缴、关联交易、民间借贷）；<br>✅ 在转让协议中约定“或有债务赔偿条款”（如交割后2年内发现新债务，由卖方全额承担）。</p></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>▶ 阶段2：签订意向协议</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>风险点</strong>：买方利用“排他期”恶意压价或泄露商业机密。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>避坑策略</strong>：<br>✅ 限制排他期不超过30天，超期需支付违约金；<br>✅ 约定保密协议违约赔偿标准（如泄露核心客户数据，按年营收10%赔偿）。</p></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>▶ 阶段3：股权过户登记</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>风险点</strong>：工商变更完成后未同步更新税务、银行信息，导致后续账户冻结。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>避坑策略</strong>：<br>✅ 通过“一网通办”平台勾选联办事项（自动触发税务、银行信息变更）；<br>✅ 取得《股权变更完税证明》后再办理工商登记。</p></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>▶ 阶段4：债务隔离与清偿</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>风险点</strong>：未公告债务或遗漏小额债权人，引发后续诉讼。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>避坑策略</strong>：<br>✅ 在国家级平台发布《债务清偿公告》，并截图留存；<br>✅ 预留转让价款的20%存入共管账户，保留1年作为债务清偿保证金。</p></li></ul><hr style="background: rgb(var(--ds-rgb-label-3)); height: 1px; margin: calc(var(--ds-md-zoom)*12px)0; border-width: initial; border-style: none; border-top-color: initial; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong><br></strong></h4><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>三、2025年债务隔离3大高阶策略</strong></h4><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>策略1：设立“防火墙公司”阻断连带责任</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>适用场景</strong>：转让存在历史遗留问题的公司。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; margin-bottom: 4px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height);"><strong>操作路径</strong>：</p><ol start="1" style="margin-top: 4px; padding-left: calc(var(--ds-md-zoom)*24px);"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">成立新公司（无负债）收购目标公司核心资产；</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">将目标公司股权以1元名义价格转让给买方；</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">原公司仅保留债务，新公司承接优质资产。</p></li></ol></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>策略2：利用“承债式收购”税筹优化</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>政策依据</strong>：2025年财税89号文允许买方承担债务部分冲抵股权支付款，降低卖方所得税基数。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>案例</strong>：某公司股权转让价1000万元，买方承诺承担600万元债务，卖方仅按400万元缴纳个税（节省税款：600万×20%=120万元）。</p></li></ul><p style="margin: calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>策略3：定向引入“债务重组基金”</strong></p><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>合作模式</strong>：与AMC（资产管理公司）合作，将不良资产打包折价转让，快速出表。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>成本测算</strong>：若债务本金1亿元，AMC通常以30%-50%价格收购，企业可回笼3000万-5000万现金。</p></li></ul><hr style="background: rgb(var(--ds-rgb-label-3)); height: 1px; margin: calc(var(--ds-md-zoom)*12px)0; border-width: initial; border-style: none; border-top-color: initial; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>四、2025年真实判例：一场价值5000万的“避雷战”</strong></h4><ul style="margin: calc(var(--ds-md-zoom)*12px)0; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: calc(var(--ds-md-zoom)*24px); list-style: none; border: none; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>背景</strong>：A公司转让旗下电商子公司，交割3个月后爆发2000万供应商货款纠纷。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>漏洞分析</strong>：<br>🔹 未核查子公司与关联企业的“抽屉协议”；<br>🔹 转让协议未明确“历史债务时间节点”。</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; margin-bottom: 4px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height);"><strong>胜诉关键</strong>：</p><ol start="1" style="margin-top: 4px; padding-left: calc(var(--ds-md-zoom)*24px);"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">买方出示《尽调报告》，证明卖方隐瞒债务；</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">合同约定“卖方赔偿已披露债务以外的全部损失”；</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;">法院判决卖方退还50%转让款并承担诉讼费。</p></li></ol></li></ul><hr style="background: rgb(var(--ds-rgb-label-3)); height: 1px; margin: calc(var(--ds-md-zoom)*12px)0; border-width: initial; border-style: none; border-top-color: initial; color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong><br></strong></h4><h4 style="margin: calc(var(--ds-md-zoom)*16px)0 calc(var(--ds-md-zoom)*12px)0; padding: 0px; font-weight: var(--ds-font-weight-strong); font-size: 16.002px; line-height: var(--ds-md-line-height); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif;"><strong>结语：安全退出的3个黄金法则</strong></h4><ol start="1" style="margin: calc(var(--ds-md-zoom)*12px)0; padding-left: calc(var(--ds-md-zoom)*24px); color: rgb(64, 64, 64); font-family: DeepSeek-CJK-patch, Inter, system-ui, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, "Noto Sans", Ubuntu, Cantarell, "Helvetica Neue", Oxygen, "Open Sans", sans-serif; font-size: 16.002px;"><li style="margin: 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>合规前置</strong>：转让前完成税务清算、债务公示；</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>文件留痕</strong>：所有承诺写入合同，避免口头协议；</p></li><li style="margin: 4px 0px 0px; padding: 0px; list-style: none; border: none;"><p style="margin-top: 0px; padding: 0px; font-size: var(--ds-md-font-size); line-height: var(--ds-md-line-height); margin-bottom: 0px !important;"><strong>专业护航</strong>：委托律师、会计师组建专项服务组。</p></li></ol>' |
| related |
array (
31 =>
array (
'id' => '31',
'pid' => '5',
'pids' => '0,5',
'name' => '公司注册',
'dirname' => 'gongsizhuce',
'pdirname' => 'caiwubaike/',
'child' => 0,
'disabled' => '0',
'ismain' => 1,
'childids' => 31,
'thumb' => '',
'show' => '1',
'setting' =>
array (
'disabled' => '0',
'linkurl' => '',
'getchild' => '0',
'notedit' => '0',
'seo' =>
array (
),
'template' =>
array (
'pagesize' => '20',
'mpagesize' => '20',
'page' => '',
'list' => 'list.html',
'category' => 'category.html',
'search' => 'search.html',
'show' => 'show.html',
),
'cat_field' => NULL,
'module_field' => NULL,
'html' => 1,
'urlrule' => 0,
),
'displayorder' => '0',
'tid' => '1',
'content' => '',
'mid' => 'fenzhan',
'pcatpost' => 0,
'topid' => '5',
'catids' =>
array (
0 => '31',
),
'is_post' => 1,
'url' => 'http://www.58lecaihui.com/index.php?s=fenzhan&c=category&id=31',
'total' => '请使用count标签查询',
'field' =>
array (
),
),
32 =>
array (
'id' => '32',
'pid' => '5',
'pids' => '0,5',
'name' => '记账报税',
'dirname' => 'jizhangbaoshui',
'pdirname' => 'caiwubaike/',
'child' => 0,
'disabled' => '0',
'ismain' => 1,
'childids' => 32,
'thumb' => '',
'show' => '1',
'setting' =>
array (
'disabled' => '0',
'linkurl' => '',
'getchild' => '0',
'notedit' => '0',
'seo' =>
array (
),
'template' =>
array (
'pagesize' => '20',
'mpagesize' => '20',
'page' => '',
'list' => 'list.html',
'category' => 'category.html',
'search' => 'search.html',
'show' => 'show.html',
),
'cat_field' => NULL,
'module_field' => NULL,
'html' => 1,
'urlrule' => 0,
),
'displayorder' => '0',
'tid' => '1',
'content' => '',
'mid' => 'fenzhan',
'pcatpost' => 0,
'topid' => '5',
'catids' =>
array (
0 => '32',
),
'is_post' => 1,
'url' => 'http://www.58lecaihui.com/index.php?s=fenzhan&c=category&id=32',
'total' => '请使用count标签查询',
'field' =>
array (
),
),
33 =>
array (
'id' => '33',
'pid' => '5',
'pids' => '0,5',
'name' => '财务代理',
'dirname' => 'caiwudaili',
'pdirname' => 'caiwubaike/',
'child' => 0,
'disabled' => '0',
'ismain' => 1,
'childids' => 33,
'thumb' => '',
'show' => '1',
'setting' =>
array (
'disabled' => '0',
'linkurl' => '',
'getchild' => '0',
'notedit' => '0',
'seo' =>
array (
),
'template' =>
array (
'pagesize' => '20',
'mpagesize' => '20',
'page' => '',
'list' => 'list.html',
'category' => 'category.html',
'search' => 'search.html',
'show' => 'show.html',
),
'cat_field' => NULL,
'module_field' => NULL,
'html' => 1,
'urlrule' => 0,
),
'displayorder' => '0',
'tid' => '1',
'content' => '',
'mid' => 'fenzhan',
'pcatpost' => 0,
'topid' => '5',
'catids' =>
array (
0 => '33',
),
'is_post' => 1,
'url' => 'http://www.58lecaihui.com/index.php?s=fenzhan&c=category&id=33',
'total' => '请使用count标签查询',
'field' =>
array (
),
),
34 =>
array (
'id' => '34',
'pid' => '5',
'pids' => '0,5',
'name' => '常见问题',
'dirname' => 'changjianwenti',
'pdirname' => 'caiwubaike/',
'child' => 0,
'disabled' => '0',
'ismain' => 1,
'childids' => 34,
'thumb' => '',
'show' => '1',
'setting' =>
array (
'disabled' => '0',
'linkurl' => '',
'getchild' => '0',
'notedit' => '0',
'seo' =>
array (
),
'template' =>
array (
'pagesize' => '20',
'mpagesize' => '20',
'page' => '',
'list' => 'list.html',
'category' => 'category.html',
'search' => 'search.html',
'show' => 'show.html',
),
'cat_field' => NULL,
'module_field' => NULL,
'html' => 1,
'urlrule' => 0,
),
'displayorder' => '0',
'tid' => '1',
'content' => '',
'mid' => 'fenzhan',
'pcatpost' => 0,
'topid' => '5',
'catids' =>
array (
0 => '34',
),
'is_post' => 1,
'url' => 'http://www.58lecaihui.com/index.php?s=fenzhan&c=category&id=34',
'total' => '请使用count标签查询',
'field' =>
array (
),
),
35 =>
array (
'id' => '35',
'pid' => '5',
'pids' => '0,5',
'name' => '财务政策',
'dirname' => 'caiwuzhengce',
'pdirname' => 'caiwubaike/',
'child' => 0,
'disabled' => '0',
'ismain' => 1,
'childids' => 35,
'thumb' => '',
'show' => '1',
'setting' =>
array (
'disabled' => '0',
'linkurl' => '',
'getchild' => '0',
'notedit' => '0',
'seo' =>
array (
),
'template' =>
array (
'pagesize' => '20',
'mpagesize' => '20',
'page' => '',
'list' => 'list.html',
'category' => 'category.html',
'search' => 'search.html',
'show' => 'show.html',
),
'cat_field' => NULL,
'module_field' => NULL,
'html' => 1,
'urlrule' => 0,
),
'displayorder' => '0',
'tid' => '1',
'content' => '',
'mid' => 'fenzhan',
'pcatpost' => 0,
'topid' => '5',
'catids' =>
array (
0 => '35',
),
'is_post' => 1,
'url' => 'http://www.58lecaihui.com/index.php?s=fenzhan&c=category&id=35',
'total' => '请使用count标签查询',
'field' =>
array (
),
),
36 =>
array (
'id' => '36',
'pid' => '5',
'pids' => '0,5',
'name' => '最新资讯',
'dirname' => 'zuixinzixun',
'pdirname' => 'caiwubaike/',
'child' => 0,
'disabled' => '0',
'ismain' => 1,
'childids' => 36,
'thumb' => '',
'show' => '1',
'setting' =>
array (
'disabled' => '0',
'linkurl' => '',
'getchild' => '0',
'notedit' => '0',
'seo' =>
array (
),
'template' =>
array (
'pagesize' => '20',
'mpagesize' => '20',
'page' => '',
'list' => 'list.html',
'category' => 'category.html',
'search' => 'search.html',
'show' => 'show.html',
),
'cat_field' => NULL,
'module_field' => NULL,
'html' => 1,
'urlrule' => 0,
),
'displayorder' => '0',
'tid' => '1',
'content' => '',
'mid' => 'fenzhan',
'pcatpost' => 0,
'topid' => '5',
'catids' =>
array (
0 => '36',
),
'is_post' => 1,
'url' => 'http://www.58lecaihui.com/index.php?s=fenzhan&c=category&id=36',
'total' => '请使用count标签查询',
'field' =>
array (
),
),
) |
