Succession

Planned Succession as the Foundation for Family Sustainability

Succession is not only a matter of transferring assets and managing a company, but above all a key element in ensuring the durability of family relationships and the continuation of values built over generations. The beginning of effective succession is a properly prepared plan that combines family interests with business requirements. Our approach is based on caring for family harmony, the security of future generations and efficient management of assets, taking into account the role and predispositions of each family member.

We have observed the process of creation and development of serious family businesses in Poland. Having experience in servicing international groups, very often managed by trusts, and a deep belief that Polish family businesses should be equal to Western, large – and often also family – corporations, we are most pleased to engage in this topic. We are glad that we can participate in what was born in Poland, and that we can share our experience by introducing corporate solutions while maintaining the family character of the business.

Key Stages of Our Consulting:

Family Structure Analysis

Identification of key individuals involved in the business, both active and passive participants in the family business.
Assessment of family relationships and their impact on the succession process.
Understanding family values and goals that should be preserved in subsequent generations.

Asset Analysis

Identification and review of family assets (both domestic and foreign) with particular emphasis on shares, stocks and assets involved in running a business as well as those used exclusively for private purposes.
Review of the ownership structure, liabilities and tax risks associated with individual assets.
Assessment of the possibilities of effective asset management in the context of planned succession.

Succession Structure Planning

Matching appropriate legal forms to succession needs.
Developing a model for managing assets and shares in the company in a way that protects the interests of all parties.
Taking into account family plans and the involvement of key people who are actively involved in managing the business.
Preparing a strategy to transfer company management to subsequent generations in a smooth and conflict-free manner.

Certain and clear tax settlement

We focus on structuring succession in such a way as to appropriately use both legal and tax solutions.
At this stage, we also select the appropriate tax framework for the established structure, taking into account existing legal and organizational solutions such as a Polish Holding Company, a Family Foundation, but also available forms of taxation such as Estonian CIT.

Implementation and implementation of the Succession Plan

Development and implementation of the target organizational and legal structure.
If necessary, application for individual tax interpretations or security opinions.
Preparation of appropriate statutory, corporate and testamentary documents.
Coordination of activities with notaries, tax advisors and other experts.

What makes our team stands out?

Individual approach – every family is different, which is why we create solutions tailored to your unique needs.
Security and stability – we ensure that succession is carried out in accordance with applicable law and in a way that protects the interests of future generations.
Certainty of tax settlements – we provide solutions that are compliant with regulations and eliminate potential problems related to the transfer of assets.
Taking care of family values – we help families maintain business continuity, minimizing the risk of conflict and building a foundation for cooperation for future generations.

If you want to effectively plan the future of your company and family wealth, we invite you to contact our team of experts. We will help you create a safe, lasting and optimal succession plan.

Piotr Taras LL.M.
Partner, Attorney-at-law

Dominika Chmura
Director, Attorney-at-law, Tax Advisor