3、离婚与大股东股权潜在风险性
“新三板”近两年发展“生猛”，至2016年初，已经有约5千家企业在“新三板”挂牌，而2014年底，这个数字只有1572家！相对于主板和“二板”市场，“新三板”的企业中，股东更为年轻，在上市前、后面临离婚的概率性更大，虽然股权结构的稳定性相对主板和“二板”的要求弱一些，“新三板”更强调企业发展的持续经营能力，但大股东股权结构的不稳定或分割的潜在风险性，同样可以对三板上市挂牌达到“一票否决”的影响程度！
New Third Market (Agency Share Transfer System) develops rapidly during the recent two years. Almost 5,000 companies have listed in New Third Market until 2016 compared with the number 1572 in 2014. Compared with shareholders of companies in Main Board Market and Growth Enterprises Market, shareholders in New Third Market are younger and usually face more risk of marriage troubles. The stability of share structures required by New Third Market is less strict, but the instability of share structure or the risk of share division of main shareholders also exerts devastating impact on the company concerned.

目前，我们接触到的案例大部分都是在挂牌之前发生的离婚案件，虽然三板挂牌程序相对较快，但实际控制人面临离婚问题处理起来也很复杂，甚至会失去上市的最好时机。从实践中来看，目前“新三板”挂牌前的有限公司注册资金都相对较低，甚至有些拟登陆的公司还未“股改”、大股东就面临离婚的问题。而离婚，必然直接涉及公司估值的问题，以及是否加入“新股东”问题，引发公司持续经营的不稳定因素。
Most of the recent cases we handled occurred before the company listing. Although the procedure of listing in New Third Market is more time-saving, the divorce trouble of actual controller of company is complicated which even leads to miss best time of listing. In practice, registered capital of most companies listed in New Third Market is not huge relatively before listing, some main shareholders may face marriage troubles even the companies do not go through the share structure reform. The corporate valuation shall be involved, new shareholder may be produced and the instability of company management may be caused as of the main shareholder’s divorce case.

以上内容，转自贾明军律师的博客
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