Legal, financial, and tax aspects are crucial for successful family succession planning, ensuring the company’s security and sustainability. The process begins with a detailed review of the current ownership structure, business contracts, debts, and tax obligations to identify opportunities and risks. Key legal documents, such as shareholder agreements, wills, or family constitutions, are prepared to clearly define ownership and management transfer rules. Special attention is given to tax planning, utilizing solutions like establishing holding companies, dividing or separating parts of the business, and optimizing tax liabilities during the transfer. Mechanisms are also established to protect company assets from external risks like insolvency or inheritance disputes. Legal and financial plans include gradually involving successors through profit-sharing and joint decision-making, facilitating a smooth transition of roles.
Capital restructuring of a family business is a key step in preparing for succession, allowing the adjustment of capital structures to meet new generation needs and long-term goals. Procedures like divisions, separations, and spin-offs help optimize capital structure, reduce complexity, and improve business efficiency. Our service includes a comprehensive analysis of the existing capital structure, strategy development for restructuring, and support in implementation. We help design a structure that clearly delineates ownership among family members, reduces conflict risks, and prepares for future investments. We manage legal and tax aspects and ensure all changes align with the family’s vision and values. Our expert team guides you through the entire capital restructuring process to maximize benefits, protect family assets, and lay a solid foundation for the next generation's success.
Valuing a family business is a crucial step in succession, enabling fair ownership transfer and share allocation among family members. Business value is based not only on financial indicators but also on market position, business structure, and long-term goals. We consider various factors, such as growth potential, risks, and management quality. Using methods like discounted cash flows (DCF) and comparative analysis, we obtain an accurate picture of the company’s value. Our professional valuation ensures fair, transparent ownership transfer that supports the company’s long-term stability and family harmony.
If there’s no clear successor in a family business, we offer several approaches to ensure a smooth transition and continued development. One option is finding an appropriate external leader to take over. Our assistance focuses on preparing a business plan, financial performance criteria, and a system for monitoring and controlling operations. We also advise on finding potential buyers, preparing the business for sale, optimizing its value, and overseeing the sale process while coordinating legal and tax matters. If the company wants to retain ownership within the broader family group without a direct successor, we can help establish and manage a foundation that maintains ownership while allowing professional management. For businesses seeking long-term partners or investors, we advise on strategic partnerships that offer financial support and new leadership vision. We also assist in restructuring, whether through organizational changes or adapting the business model for easier transfer to new owners or management.
Tax consulting in family succession is crucial for correct tax obligation planning and financial efficiency during ownership transfer. It’s important to consider tax implications, such as gift and inheritance taxes and taxes on profit and capital income, which can significantly impact the financial outcome. Our service includes analyzing the existing tax structure of the company and family members and developing suitable tax strategies to optimize burdens. This may involve solutions like gifting, establishing holding companies, setting up foundations, or restructuring assets to reduce tax burdens during transfers. We ensure compliance with current legislation and tax regulations to prevent disputes and unforeseen costs. Our tax consulting facilitates efficient ownership transfer, reduces tax obligations, and ensures financial stability for the future.
Managing family wealth is essential for preserving and growing assets across generations. A family office, as a specialized entity for managing family wealth, enables professional management of investments, real estate, tax obligations, and other resources. In collaboration with our partner firm, we assist in establishing and managing a family office tailored to the family’s needs. We help design strategies for asset management, tax planning, and asset protection while considering family goals and values. We also advise on creating rules and policies for effective asset distribution and management. Our expert approach allows families to maintain wealth stability, increase its value, and focus on long-term development without the burdens of daily management. The family office becomes a key pillar for generational legacy and financial stability.
