(George Orwell, English writer)
Company succession is a long-term, strategic issue. Time constraints will weaken your position. Arrange your family-internal or external company succession at an early stage and take advantage of the various tax incentives.
Around 1.5 million owners of medium-sized companies in Germany are over 55 years old. That’s about 39% of all entrepreneurs. A succession wave is expected in the next few years. At the same time, around 45% of entrepreneurs have not even considered succession. (Source: KfW 2017)
If you can’t answer these questions with a “Yes” then you’ve come to the right place! A succession and inheritance plan not prepared by a professional could have massive effects on provisions in old age and on your family, even risk bringing your business to insolvency.
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