Corporate succession in family and inheritance law
The transfer of a company to other hands is a complex process. It requires careful planning. This starts with the selection of suitable successors. In addition to family and social aspects, legal and tax considerations also play a role. This process requires professional advice.
Unfortunately, however, not every business succession can be accompanied by the entrepreneur him- or herself. It is therefore important for an entrepreneur to draw up a will at an early stage. Shares in a company must be kept from being transferred by way of statutory succession. Statutory succession offers a suitable solution for many inheritance cases, but not for corporate succession. A good will will ensure the entrepreneur that the company will be capable of acting and continuing to operate even in the event of the entrepreneur's death.