Succession planning
We ensure development and implementation of succession processes. In cooperation with partners from the field of economy and management, we prepare individualized Succession Reports containing relevant succession instructions. As part of the solutions proposed, we provide comprehensive handling of the intergenerational transfer of assets, including the legal, tax, business and economic aspects.
We propose the solutions adjusted to the Client’s needs, his/her family situation and nature of the assets to be the subject of succession.
We are actively engaged in the initiatives supporting the idea of family businesses and in the works of teams developing legal solutions adjusted and dedicated to this type of entities.
We participate in the works of the Family Business Council of the Polish Confederation of Private Employers (PKPP) Lewiatan.
Practice leader
Services
Succession counseling in family businesses
- Support in formulating the Honorable Senior’s vision
- Assistance in selecting the Successors and their preparation for management and ownership roles
- Preparation of the company for the succession. A range of services includes securing the sustainability of the business in legal and organizational terms. A wide range of activities includes the changes of legal form of carrying out a business, including the reorganization and transformation, as well as support in ensuring corporate governance. The significant element of the services is also securing the company against the loss of key personnel, including the development and implementation of managerial programs
- Consultancy support in terms of securing the “longevity risk” – preparation of the Senior Zone
Succession planning – transfer of assets based on the mortis causa actions
- Analysis of the family connections with regard to statutory succession
- Preparation of testaments using available inheritance law institutions – specific bequests, bequests, instructions
- Preparation of legal solutions as regards succession by minors – guardianship, management of the property
- Analysis of financial consequences of the planned testate succession – calculation of legitim fund
- Drawing up agreements on renunciation of succession or legitim
- Drawing up prenuptial agreements
Family governance
- Support in the preparation and implementation of the Family Constitution – a key document regulating the family and business relations in a family business
- Comprehensive handling of the process of establishing the Family Foundation, starting from the preparation of the statute taking into account the Founder’s will, to the registration and commencement of the activities. A range of services also includes an analysis of tax consequences of contributing and using the assets provided by the Founder in the foundation’s activities
- Providing the ongoing legal and tax services to the Family Foundation, including the professional representation during the shareholders’ meetings and providing internal compliance
