Company Succession: Generation Change in Family Businesses

How to ensure the continuity Germany, the country of medium-sized companies, owner-managed family businesses and difficult company succession. There is hardly a country that boasts as much about the strength of its middle class as Germany. At the same time, however, despite all the pride in the middle class, no other “social class” is asked […]

Why private and business secrets are mostly unprotected by insurance intermediaries

Most policyholders believe that their private and business secrets entrusted to the insurance agent and broker are protected. But in fact the situation is quite different, and the protection is often no better than if you had entrusted them to your hairdresser.   No reliance on the legal private secret The Higher Regional Court of […]

No transfer of personal data to brokers without customer power of attorney ?

The new GdV “Code of Conduct (CoC) Data Protection” – data protection code for short – regulates in Art. 20, among other things: “Personal data of insured persons or applicants may be transferred to an insurance broker if they have granted the broker a broker’s power of attorney.” In some cases, insurance brokers are massively […]

If an agent gives up his business to his son because of age, can he pass on his stock to him without further ado?

From the series of newsletters of the DHBW (Baden-Wuerttemberg Cooperative State University) Heidenheim on the topic “Mediation Law in Practice”: At this point, lawyer Dr. Johannes Fiala, https://www.fiala.de, lecturer for insurance law at the DHBW Heidenheim, will answer your questions. Questions can be asked by emailing ott@dhbw-heidenheim.de. An agent’s insurance portfolio has always been owned […]

Trust foundation as a progressive and flexible solution for medium-sized businesses

In a nutshell The medium-sized entrepreneur is currently facing a multitude of problems for which he urgently needs efficient solutions: According to calculations by the Institute for SME Research, more than 300,000 family businesses are facing a change of ownership in the next few years. It is estimated that in about 40% of all cases […]

BGH: Attribution of representative behaviour only in the assigned business area, § 61 VVG

by Dr. Johannes Fiala, Lawyer (Munich), Mediator (Univ.), MBA Financial Services (Univ.Wales), MM (Univ.), Certified Financial and Investment Advisor (A.F.A.), Lecturer in Civil Law and Insurance Law (Univ. of Cooperative Education), Banker (www.fiala.de) “Natural understanding can replace almost any degree of education, but no education can replace natural understanding.” (A. Schoppenhauer) The case: After a […]

Inheritance and gift tax 2007: Time bomb for medium-sized businesses

Almost completely unnoticed by the entire public, a fundamental reform of the inheritance and gift tax is imminent in 2007. This is like a time bomb for the entire middle class, because the details are only now becoming known to the public step by step. Experts and tax experts, e.g. from the Association of German […]

Trust foundation as a progressive and flexible solution for medium-sized businesses

Dr. Johannes Fiala, Senior Partner of Fiala, Freisleben & Weber, Tax Consultant, Certified Public Accountant, Lawyer, Patent Attorney, Mediator, Munich Frank M. Strobelt, Managing Director of Gesellschaft für Stiftungsförderung e.V. (GfS) Further information: www.fiala.de, www.stifter.org. According to calculations by the Institute for Research on Small and Medium-Sized Businesses, more than 300,000 family businesses are facing […]

Trust foundation as a solution for medium-sized businesses

Attorney Johannes Fiala and Frank M. Strobelt explain how entrepreneurs can arrange company succession through a charitable foundation. According to calculations by the Institute for Research on Small and Medium-Sized Businesses, more than 300,000 family businesses are facing a change of ownership in the next few years. It is estimated that in about 40 percent […]

Trust foundation as a progressive and flexible solution for medium-sized businesses

By Dr. Johannes Fiala and Frank M. Strobelt The medium-sized entrepreneur is currently facing a multitude of problems for which he urgently needs efficient solutions. According to calculations by the Institute for Research on Small and Medium-Sized Businesses, more than 300,000 family businesses are facing a change of ownership in the next few years. It […]