Ownership and directorship in family businesses
In May and July of this year, the Spanish Supreme Court handed down two judgements in which the conclusion it reaches is that to benefit from the so-called “family business” regime, it is not...
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For the term "fAMILY BUSINESS DEPARTMENT".
The tax cost of improvising in family business successions
One of the main worries facing heirs upon succession to a family business is the tax cost of the transfer. Without prior planning—including a detailed analysis of the applicable legislation and available tax relief— when the time actually comes, there...
Contingency Plans for family-run companies: foresee vs. improvise
Any company, be it a family-run concern or not, is exposed to extraordinary events that affect the decision-making power within the company, which is why the capacity to react is vital in order to resolve the situation....
Estate planning, the key to peace of mind for both family and business
Now more than ever, the law should be used proactively, as a tool at the service of the people. In this regard, such personal matters as death, disability, marriage, civil partnerships and even terminal...
Out of Court Payment Agreement (III): On access to insolvency mediation
Individuals may attempt an Out of Court Payment Agreement if they are in a state of insolvency, or their insolvency is imminent, as long as the initial estimate of their liabilities does not exceed...
Gifts: when the least costly part is the gift tax
When considering the tax cost of a gift, besides gift tax, there are other taxes which at times can be more costly than the gift tax itself, such as personal income tax and tax...
Anticipating versus improvising
“The impact that improvisation may have on the business may lead to irreparable damage” Businesses (whether family-owned or not) need to be able to anticipate unexpected events such as the sudden absence (whether due...
Inheritance law: nationality or habitual residence
Since August 17, particular attention has been needed in relation to the law applicable to successions where the deceased resided permanently in a different place to the country of their nationality, because the entry...
The use of evidence from detectives hired by employers: some interesting issues
Employers, in the ordinary course of their business, occasionally find themselves in a situation where they suspect that one of their employees could be engaging in fraudulent conduct or activities that breach the duty of contractual good faith,...
Guide to the main allowances to be taken into account in the 2013 personal income tax return (II)
In order to complete our review of the main allowances in the personal income tax return of 2013 which we initiated last week, today we talk about other items that can help us reduce...