On this page you will find detailed information to help you understand and navigate the complex challenges of a company or business split.
The attorneys at white ip | Patent & Legal offer specialized advice on your case to ensure that your company split process is carried out both efficiently and in accordance with applicable laws and regulations.
Company or business splitting describes the division of a business into two separate companies. The motives for splitting a company in this way are almost exclusively financial, in particular tax-related.
However, a business split can also occur unintentionally, for example as part of an inheritance. This can have considerable income and trade tax consequences if it is only discovered after a long period of time, for example during a tax audit. It is therefore important to deal with this issue at an early stage and to seek professional advice if necessary.
Typically, a business split takes place in such a way that an asset management company and a management company are appointed. The management company is usually a GmbH in order to enjoy the benefits of limited liability. The asset management company is usually run as a partnership in order to avoid the double tax burden of profit distribution from the management company to the asset management company.
A genuine business split only exists if there is a factual and personal interdependence between the two companies and only then do the corresponding tax consequences arise.
According to case law, a material interdependence exists if one company provides the other with an essential operating basis. The Federal Fiscal Court defines such essential business assets as those which are of particular economic importance for the management of the business and which are necessary to achieve the purpose of the business. Land, production facilities or other higher-value fixed assets are particularly relevant here.
The personal obligation requires the possibility that the persons behind the companies can establish a uniform business purpose. Put simply, a personal obligation exists because the fortunes of the two companies are controlled by the same persons.
Whether a business split ultimately has a positive or negative effect on tax is a question that must be decided on a case-by-case basis and depends above all on the respective trade tax rate at the company’s registered office.
So if you have any questions regarding a business split, please contact our experienced lawyers for business splits at white ip | Patent & Legal in Dresden.
We ask for your understanding that the “further information” can only address the fundamental problems of the individual areas of commercial and company law and can only explain these in outline.
We, the attorneys at white ip | Patent & Legal, would like to point out that reading the above information cannot replace personal legal advice, but merely provides an initial basis for information. We are, of course, at your disposal at any time for a personal consultation.
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