Miniaturfiguren einer Familie in einer schützenden Hand - symbolisch stehend für Schutz des Familienvermögens über eine Familiengesellschaft oder Familienstiftung

Family company vs. family foundation

When it comes to long-term planning for the transfer and protection of family wealth, many families face an important decision: should a family-managed company or a family foundation be set up?

Both legal forms offer advantages in terms of asset succession, protection and management,

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Bild eines Richterhammers und eines Taschenrechners – symbolisch für ein Gerichtsurteil zur Kürzung der variablen Vergütung bei Krankheit

Reduction of variable remuneration in the event of illness: Is this legally possible?  

Employers often agree variable, performance-related remuneration with their employees. The Düsseldorf Higher Labour Court (Landesarbeitsgericht, LAG) has ruled that such remuneration, which is linked to team targets and the sales performance of third parties, may be reduced if an employee is absent due to illness for more than six weeks.

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Personen aus Papier in zwei Händen - symbolisch für das Thema Erwachsenenadoption

Adult adoption – an overview of the opportunities, rights and tax benefits

The media often report on adult adoptions, most recently on that of Erwin Müller, founder of the Müller drugstore chain. After a rift between him and his son, he had three hunting friends adopt him. The “coffee king” Albert Darboven, on the other hand, failed with the adoption of Andreas Jacobs,

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Stricter documentation requirements for transfer prices

Transfer prices, also known as transfer pricing, are an essential element of international tax planning and compliance for companies that conduct cross-border business. Transfer pricing refers to the prices charged between affiliated companies – for example, a German company headquarters and its foreign subsidiaries or branches – for goods, services,

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