It is always a difficult undertaking when a younger generation of a medium sized family business follows in the footsteps of their successful elder. It is crucial to plan and arrange the succession early. Numerous questions have to be clarified. To name a few: Does the next generation have the will and the ability for succession? Which alternatives to family succession exist? How can the achievement of a lifetime be transferred in a tax compliant way? This is especially important in light of the upcoming decision regarding the possible unconstitutionality of the current inheritance tax law in the Federal Constitutional Court.
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We can help you to reduce the complexity of succession and contribute to a smooth change of generations. In our new issue of FORECAST, we reveal the challenges of succession in medium sized family businesses and point out numerous problem-solving approaches.