The non-profit sector is gaining importance in Germany. At present, there are more than 21,000 charitable foundations and about 600,000 associations at the service of the general population. The non-profit limited liability company (gGmbH) is also becoming increasingly popular. Their range of activities and their asset bases are growing all the time. There is a good reason for this: The ratio of ‘founder generation’ and heirs has changed - demographically and personally. Either there is an absence of heirs, or these people lack the expertise to use the wealth in the spirit intended by the bequeathing party. Furthermore, general commitment to the not-for-profit principle is growing in significance because, due to a shortage of funds, the State is progressively withdrawing from areas such as culture and education.
Foundations lend themselves well as instruments for resolving problems of inheritance arrangements
since they carry the ideas, dreams and visions of founders beyond their death, and safeguard the rights of their heirs. As a result, the founding and activities of a foundation can be a real challenge. Complex questions arise with regard to foundation law and tax legislation, and we are able to bring our expertise and experience to bear on your concerns.
The partners in our firm are themselves board members of foundations and associations, committee members and curators and understand these responsibilities from first-hand experience. We therefore link the skills from any related legal fields with our practical understanding to provide our clients with advice on a one-stop shop basis. Our law firm has already assisted in the founding of over 100 foundations and associations, and has also advised charitable companies, regional governments and Public Private Partnerships. We are a member of the consultancy committee of the Federal Association of German Foundations and work on a regular basis with the Institute for Foundation Law and the Law as it Relates to Non Profit Organisations at the Bucerius Law School.
We can provide you with support in all areas associated with foundation and foundation-specific tax legislation.
- Setting up a foundation
- Asset management
- Charitable donations
- Management of special purpose enterprises
- Formation of commercial business operations
- Project management
- Changes of purpose
- Liquidation mergers
- Amendments to articles of association
- Disputes with official bodies