Commercial lawFamily business, protocol and inheritances

The Firm Toda & Nel-lo has proven experience in advising family businesses as we accompany their owners within fields associated with the relationship between the family and the management and succession of the business.

In this connection, we provide comprehensive, continuous advice in the planning and design of corporate structures that allow their owners to reduce their tax costs (Tax on Personal Income, Wealth Tax, and Inheritance and Gift Tax) with restructuring or the creation of ‘Holding’ businesses, if appropriate, for that purpose.

In the field of family businesses, we also highlight our experience in developing the Family Protocol, an instrument to define the principles and values that inspired the founders of the business. This Protocol also governs important aspects in accordance with the wishes and specific needs of the owners, such as the generational change in the management of the business and subsequent succession of ownership, the relationships among partners and between them and the Company (participation in Corporate Bodies and Family Councils, Honorary Offices, Right of Information, access to jobs or responsibilities, Remuneration Policy and Dividend Policy), as well as the mechanisms to resolve conflicts by drafting statutory changes, agreements between partners, modification of wills and formalizing pre-nuptial agreements, if appropriate.