KRS Law Firm · Tax Optimisation
Legal Support for Your Family Foundation
A family foundation is a new legal structure that can offer advantages in terms of relationships between management board members or beneficiaries, as well as organisation and taxation.
Practice Area
01
What Is a Family Foundation?
A family foundation makes it possible, among other things, to separate and protect private assets transferred to it from assets connected with business activity.
A family foundation may also qualify for a tax exemption on its activities.
Importantly, a family foundation need not pursue socially or economically beneficial purposes: it may pursue other objectives specified by its founder.
FAMILY FOUNDATION — WHO IS IT SUITABLE FOR?
The structure is intended for owners of family businesses, particularly those planning to pass their business on to successors.
02
What Are the Advantages of a Family Foundation?
A family foundation can, among other things:
- Enable assets to be transferred to successors outside standard inheritance arrangements.
- Provide greater confidentiality than companies, as its registration files may be inspected only by the founder, a member of a governing body, a beneficiary or a person with a legal interest.
- Provide access to favourable tax treatment for assets, business activities and benefits paid to beneficiaries.
- Protection of private assets transferred to the foundation.
- The possibility of tax exemption for its activities.
- The ability to pursue socially or economically beneficial objectives.
KRS Law Firm supports clients at every stage of establishing and operating a family foundation — from planning and formation to its ongoing activities.
Our services include assistance with:
- A comprehensive, individual analysis of the family’s circumstances and an assessment of the potential benefits.
- Drafting the family foundation’s statute.
- Selecting the optimal structure of assets contributed to the foundation.
- Tax planning for particular assets;
determining the most appropriate governance arrangements. - Distributing the foundation’s assets on dissolution.
We take an individual approach to each client, allowing us to propose effective solutions using a family foundation.
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Contact Us
Tell us about your matter — we will analyse it and suggest a practical solution. There is no charge for your initial enquiry, and we will usually respond on the same working day.