POELLATH advises entrepreneur on the establishment of a German family foundation

POELLATH has advised an entrepreneur on securing the continued existence of the company by establishing a German family foundation.

POELLATH's advice covered the two core areas of succession structuring. Firstly, POELLATH provided support during the approval process with the foundation authorities and advised on individual foundation law issues. Secondly, POELLATH provided comprehensive support in optimising the company's assets for gift tax purposes, in particular in reducing the administrative assets, selecting the beneficiary regime and the tax assessment.

The client described the result with the words: ‘Good result – sensational – thank you very much!’

POELLATH advised the entrepreneur with the following team:

• Dr. Andreas Richter (partner, private clients & foundations, Berlin, Frankfurt aM)
• Dr. Katharina Gollan (associated partner, private clients & foundations, Berlin)
• Dr. Marcel Duplois (counsel, private clients & foundations, Frankfurt aM)
• Katrin Hug (associate, private clients & foundations, Frankfurt aM)