Timely and diligent succession planning

Do you think about how best to divide your income between salary and dividends in order to keep your tax burden as low as possible? Do you plan to withdraw liquid or other assets before handing over your company? Are you remembering to separate business and private assets as early as possible?

As an entrepreneur you can decide relatively freely how to divide your income between salary and dividends in order to keep your taxes low. There is a certain degree of leeway within the provisions of tax authorities and social insurance schemes. The independent VZ experts advise you and show you how as an entrepreneur to withdraw money from your company in the best possible way in fiscal terms and in doing so to build up your assets as effectively as possible.

The most important questions concerning corporate succession

Company valuation

Do I know the value of my company?

Do I know how much my company is actually worth? What is the minimum I can request from a successor and what maximum sum should I be careful not to exceed?

A realistic company valuation is an important decision-making basis for sellers, potential successors and – in the case of internal family succession – for the relatives. If you wish to find out about the common valuation methods then VZ is your right partner: Our experts will explain the various options, set out the advantages and disadvantages, carry out an objective valuation of your company and plan the next steps together with you.

Sale & financing

Have I planned the company sale thoroughly?

Are you planning to pass on your company? Have you already found the right successor or would you like to launch the selling procedure? It is helpful to draw on external specialists for the detailed planning of the financing and sale of your company.

The VZ experts support you throughout the entire selling procedure. Should the buyer's equity capital not suffice then we will draw up a suitable financing plan – with a loan, a minority shareholding or with borrowed capital from a bank.

Taxes

Can I save taxes when handing over the company?

Are you aware of your leeway in tax planning? And do you know how to pass on your company in a tax-efficient manner? The financial success of the company handover largely depends on the fiscal consequences. Skilful and careful planning of taxes and social insurance contributions will maximise the savings potential on handover of the company.

As an entrepreneur you should therefore plan as early as possible how to optimise your taxes. Voluntary pillar 2 purchases and conversion of a partnership to a limited liability company are two possibilities. Talk to an independent expert about the pros and cons of all options and the solution that best suits your personal situation.

Private succession planning

How can I make the right decision for my family and company?

Are you planning an internal family succession and seeking a fair settlement for all legitimate successors? For the future success of a company it can make sense to create a clear majority or to transfer the company to a single successor. However, such a decision conflicts with the desire to treat all successors equally.

Property and inheritance law are important factors in the search for a suitable solution as both allow scope for individual arrangements. Consultation from VZ will ensure that you are aware of all options and their consequences. Our experts also support you in recording your decisions in a will or contract of inheritance.

Asset accumulation

Am I better off drawing my income as a salary or dividend?

Do you think about how to divide your income between salary and dividends in such a way as to keep your tax burden as low as possible? Are you planning to withdraw assets from your company prior to handover? Are you remembering to separate business and private assets as early as possible?

As an entrepreneur you can decide relatively freely how to divide your income between salary and dividends in order to keep your taxes low. There is a certain degree of leeway within the provisions of tax authorities and social insurance schemes. The independent VZ experts can advise you and show you how as an entrepreneur to build up your assets in the best possible way in fiscal terms.

Asset planning

Will my assets also suffice when I retire?

Have you invested a large portion of your assets in your business? Would you like to be sure in view of the forthcoming handover of the business that your personal finances will also suffice during retirement? Serious retirement planning forms the basis for targeted asset accumulation – and for your affluence during retirement.

There are various strategies available for you to implement your income and asset planning. We at VZ advise you on your financial planning, inform you about a modern pension fund solution, shed light on your pillar 3 savings opportunities and compare the pros and cons of the solutions of banks and insurance providers.

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