If severance payments are made upon premature termination of an employment relationship, the question regularly arises as to the tax consequences and how these can be minimised as far as possible. The new Foundation Act, which came into force last year, can provide a sensible solution for many of those affected. Severance payments that result […]
This is a situation most employees face at some point: The end of working life is approaching. With current, quite respectable income, it has been possible to pay off the owner-occupied home and meet the children’s education costs. In addition, for the above reasons, there is no high level of cash assets or cash assets […]
The situation is common: The end of working life is approaching. With current quite respectable income, it has been possible to pay off the owner-occupied home and, in case of doubt, to cover the children’s education costs. In addition, for the above reasons, there is no high level of cash assets or cash assets that […]
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 […]
Trust foundation as a progressive and flexible solution for medium-sized businesses 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 […]
– Supervision-free alternatives to private health insurance – I. Distinction from insurance business subject to prudential supervision A widespread – and erroneous – view is that anything that somehow falls within the scope of insurers’ activities must be insurance subject to licensing. Even very obvious examples show that this obviously cannot be the case. For […]
Training “Foundation Law”: The new law to further strengthen civic engagement was passed in the Bundestag in July of this year and passed the Bundesrat on September 21, 2007. According to this, founders will have considerable tax advantages in the future and will be able to take advantage of further benefits within the framework of […]
The dual foundation is a smart one for business succession and retirement planning. In this case, the shareholder-managing director of a GmbH transfers a large part of the company shares without voting rights and tax-neutrally to a charitable trust foundation. The remaining GmbH shares, equipped with voting and profit participation rights, are transferred to a […]
In order for the will of a seriously ill patient, who may be incapable of making decisions, to be implemented in the way he or she wishes, the person needs fellow human beings at his or her side. The Munich lawyer and provision specialist Dr. Johannes Fiala gives practical advice on living wills, health care […]
Those who protect themselves with the help of foundations can save money. Trust foundations or foundations with legal capacity come into question. It is not only for very wealthy business people that setting up a foundation can be worthwhile. It is also possible for owners of medium-sized companies to work for their own charitable trust […]
