Legal support for your family foundation
A family foundation is a new legal tool that may be interesting both because of the relationships between management board members or beneficiaries, as well as for organizational and tax reasons.
WHAT IS A FAMILY FOUNDATION?
The family foundation gives the opportunity to, among others: separation and protection of private property transferred to the foundation from property related to business activities.
Moreover, a family foundation may also receive tax exemption for its activities.
It is also important that a family foundation does not have to serve socially or economically useful purposes, but other purposes specified by the founder himself.
FAMILY FOUNDATION – WHO IS IT THE RIGHT CHOICE FOR?
The Foundation is dedicated to entrepreneurs running family businesses, in particular for entrepreneurs who plan to transfer their business to legal successors.
WHAT ARE THE ADVANTAGES OF A FAMILY FOUNDATION?
Family foundation, among others:
- gives the opportunity to transfer property to successors and allows departure from standard inheritance rules;
- ensures greater confidentiality than in the case of companies, due to the fact that the registration files of a family foundation can only be viewed by the founder, a member of the family foundation’s governing body, its beneficiary and a person with a legal interest;
- allows you to take advantage of favorable tax preferences in the field of taxation of property, business activity and benefits paid.
The KRS Kancelaria supports you at every stage of creating and operating a family foundation – from the planning stage, through the stage of establishing the foundation, to the stage of its actual operation.
As part of the services we provide, we support clients, among others in:
- comprehensive and individual analysis of the family situation and comprehensive assessment of benefits;
- creating a statute for a family foundation;
- choosing the optimal structure of assets contributed to the family foundation,
- tax planning in relation to specific assets,
determining the optimal form of foundation management,
- division of property of a family foundation upon its dissolution.
The KRS Kancelaria focuses on an individual approach to each client, which allows us to offer each client effective solutions using the institution of a family foundation.