Equity is a comprehensive right of personal rights and property rights enjoyed by shareholders of a limited liability company or a joint stock limited company. That is, equity is the right enjoyed by shareholders based on their shareholder qualifications to obtain economic benefits from the company and participate in the company's operation and management.

1, the amount of shares, the capital of a joint stock limited company is divided into shares, and the amount of each share is equal, that is, the shares reflect a certain value and can be measured in money;

2. Equality of shares, that is, each share in the same category should enjoy the same rights;

3. The inseparability of shares, that is, shares are the most basic constituent units of a company's capital, and each share cannot be subdivided;

4. Transferability of shares means that the shares held by shareholders can be transferred according to law. For example, Article 142 of the Company Law stipulates that the directors, supervisors and senior managers of the company shall report to the company the shares they hold and their changes, and the shares transferred each year during their term of office shall not exceed 25% of the total shares they hold; The shares held by the company shall not be transferred within l years from the date of listing and trading of the company's shares. Directors, supervisors and senior management personnel of the company shall not transfer their shares of the company within six months after leaving office. In addition, the Company Law allows the Articles of Association to make other restrictive provisions on the transfer of shares held by directors, supervisors and senior managers of the company. Share distribution means that the company distributes shares to subscribers according to certain distribution methods according to the subscription of sponsors and/or other subscribers. If the total subscription amount exceeds the total issuance amount, the distribution method shall be determined according to certain principles. Share payment and share distribution are two aspects of the same activity. After the distribution of shares, the names of shareholders shall be recorded in the register of shareholders.

Shareholders' shares can be transferred, and an equity transfer agreement needs to be signed, which involves taxes and fees. In the process of share transfer, the transferor needs to pay various taxes and fees.

The transferor is an individual.

If the transferor is an individual, the personal income tax rate is 20%.

The transferor is the company.

If the transferor is a company, it needs to involve more taxes and fees. For details, please refer to the reference "Tax Treatment of Company's Share Transfer".