Guest lecture by Dr. Stephan Knabe "The foundation as an appealing follow-up solution"
Foundations have still a shadowing existence within the available legal forms for companies.
They are not only the spinal column of the non-profit-sector but also an interesting alternative for a follow-up situation in midsize, often family-owned companies. 20 years after the turnaround in Middle and Eastern Europe many family-owned, often medium- or large-sized businesses are confronted with the need of changes in the shareholders and/or the management.
Such a change is at high risk for the organisational and financial structure as well as for the personal situation of the owners and their followers. A foundation could solve many of these problems if properly used.
Dr. Knabe is the head of Dr. Knabe GmbH Tax Advisors based in Potsdam Germany. His firm has won numerous awards from the noted German business magazine “Focus Money” and particularly in 2009 as on Germany’s leading Advisory Companies. Dr. Knabe has delivered many lectures in the area of Tax and Tax law in his native Germany as well as Riga, covering such topics as Real Estate Tax, Inheritance Tax and Insolvencies. His PhD topic was on “Fraud Risk Assessment in the Audit Process” and in addition he has obtained certification as a German state-licensed Tax Advisor, Certified Fraud Examiner and Certified Public Auditor.