Consulting

up to finance and liquidity planning and examining sources of funding by public authorities: We offer professional consulting and take care of tasks that you probably wouldn’t find time for in the first years. We are happy to correspond with public authorities and respond to requests from fiscal authorities. Our focus on this range of services leaves you free to focus on your new business.

analyzing short-term income and financial statements, setting up profitability and liquidity plans, analyzing of your internal control system and increasing your accounting’s efficiency (for example by digitalizing), recapitalization, succession planning and any other questions you may have.

This can mean divisions or outsourcing to create independent businesses for certain fields of activity in order to minimize risk, for example. On the other hand, mergers are suitable for many businesses to streamline organizational structures and save administrative costs. There are many reasons, especially fiscal aspects, to use the possibilities offered by the German Transformation Act and Transformation Tax Act (Umwandlungsgesetz, Umwandlungssteuergesetz).

Every entrepreneur needs a so-called emergency kit or file for this unforeseeable situation. One central aspect here is ensuring the legal capacity of the business.

Please contact us, we are happy to offer support.

In many places, the days when sons or daughters automatically took over a family business are long gone. It’s important to ask your children early on whether they are interested in succeeding you. If this is not an option, you need to look for a successor elsewhere.

But finding a suitable person isn’t the only thing – your business also needs to be prepared for new management. Steps need to be taken beforehand in order to be able to transfer the necessary competences to the successor when needs arise. In addition your successor needs to be so familiar with the business that he or she can guarantee that operations will continue to run smoothly.

The sooner you take care of your succession, the more certain you can be that you decide how your business continues.

We are happy to help you.

you should start thinking about drafting a last will.

There are many reasons to draft a will: Marriage, the birth of a child, the foundation of a company, the purchase of real estate or other significant assets.

There are different types of wills, from handwritten wills to contracts of inheritance.

In the case of the latter, in-depth consulting – especial under fiscal aspects – with a lawyer is urgently required.

There are a variety of different options, for example usufruct, which still guarantees you receive the fruit of your assets. In this case, assets are transferred from a fiscal point of view using tax exempts and a lower donation tax progression. This can save high amounts of donation or inheritance tax.

Especially for companies and real estate there are interesting possibilities that we are happy to present to you.

due to lack of experience or vulnerability (for example minors or disabled heirs). If it becomes apparent during the lifetime of the testator that the heirs have divergent interests, it can also be helpful to order an execution of the will.

The main task of the executor of the will is the realization of the testator’s last will.

In the course of an execution that winds up the estate the executor settles all estate liabilities and carries out all formalities arising due to the succession (for example termination of contracts). He ensures that conditions imposed by the testator are complied with as well as inheritance fulfilled. If there is a community of heirs he can additionally be appointed with the proper division of the inheritance.

In an ongoing execution the inheritance is managed further after the execution of the will. This form of execution of the last will makes sense when the heirs are minors or insolvent, as the assets can thus be protected from creditors.

At the end of the day the execution of a will is a matter of trust. It is important for the executor of the will to not only have the necessary professional qualifications and experience in inheritance, fiscal and if necessary corporate laws, but also the appropriate social competence in in dealing with the heirs and further entitled parties.

We will be pleased to explain further details in a non-binding personal conversation.

All revenue not previously declared needs to be fully disclosed and all connected taxes paid so that impunity can be achieved.

We will prepare the declaration of previously undeclared revenue and determine the amount of tax that needs to be paid. We are also here to answer any questions you may have around this delicate subject.

How and with which measures can restructuring be successful?

Does it make sense to pull the plug and file for insolvency? This needs to be prepared with the aid of a legal specialist.

Does it possibly make sense to liquidate the business?

In all these questions we offer professional support.