The question of succession is an issue that influences the future of a business and that inevitably comes up in nearly every business sooner or later. Correct preparation involves a large number of – in some cases highly complex – legal issues.
These legal issues are not only matters in corporate, company or tax law, the area of family businesses in particular is greatly affected by statutory compulsory shares and succession law.
Often the heirs of businesses are faced with high compulsory share claims of other heirs that cannot be covered by the everyday operation of the business. The aim of the revised probate law, which enters into force on 01.01.2017, is to prevent the breaking up and sale of businesses.
Lawyer Dr. Alexandra Eder addresses this subject in the econova, issue 6/2016.