Brajan Ostatkiewicz on the family foundation for Legalis

The family foundation is a strategy designed to manage donated assets for the benefit of the beneficiaries. Although it has been introduced mainly to assist entrepreneurs in the succession of family businesses, this solution is not exclusively for those who run family businesses. Each time the decision to establish such a foundation should be carefully considered, as a family foundation, despite its many advantages, may also involve numerous risks.

In an article for Legalis, Brajan Ostatkiewicz, Specialist in the Department of Commercial Law and International Trade at Sadkowski and Partners, undertook a characterisation of a family foundation.

Our expert addressed, among others, such issues as:

• asset management structures;
• protection of assets in a family foundation
• succession of foundations;
• tax advantages of running one.

We encourage you to read the article available on the website of Legalis Accounting HR Business!