How can I legally structure my company to optimize tax savings?
August 28, 2023 | 70,00 EUR | answered by Yvonne Schmidt
Dear lawyer,
My name is Irmgard Hausdorf and I am the managing director of a medium-sized company in the field of business consulting. In recent years, our company has been steadily growing and we have built up a solid customer base and have several employees. Now we are facing the challenge of legally optimizing our company to save taxes and improve our financial situation.
The current state of our company is that we have not yet taken specific measures to take advantage of tax benefits. As a result, we are paying relatively high taxes and would like to know what legal options there are to save taxes and optimize our financial situation.
My concerns are that we may be overlooking tax benefits and savings opportunities that could help improve our liquidity and strengthen our competitiveness. I want to ensure that we consider all legal and tax options to position our company as best as possible.
Therefore, my question to you as an expert in business law: What legal measures can we take to optimize our company and save taxes? Are there, for example, possibilities for restructuring, tax-optimized contract design, or other legal instruments that we can use? I would greatly appreciate your support and advice on this matter.
Thank you in advance.
Kind regards,
Irmgard Hausdorf
Dear Mrs. Hausdorf,
Thank you for your inquiry and your interest in legal ways to optimize your company's tax situation and improve your financial situation. As a lawyer specializing in business law, I am pleased to assist you with this question.
First and foremost, it is important to emphasize that each tax situation is individual and depends on various factors such as the legal form of the company, the industry in which it operates, and the company's structure. To provide you with specific recommendations, it would be advisable to conduct a detailed analysis of your company to identify the best tax optimization opportunities.
One possible measure to save taxes is restructuring your company. For example, it may be beneficial to choose a different legal form that offers tax advantages. A GmbH, for example, may be more tax-efficient in some cases than a sole proprietorship or a partnership. The inclusion of holding structures or the use of tax-optimized group structures can also lead to savings.
Furthermore, tax-optimized contract design is an important aspect of saving taxes. This involves structuring contracts in a way that allows for tax benefits to be utilized. For example, contracts with business partners can be structured in a tax-efficient manner to take advantage of possible tax benefits.
Another important tool for optimizing your company's financial situation is tax-optimized financing structures. For example, it may be advisable to borrow loans in a tax-efficient manner or utilize alternative financing options that are tax-favored.
There are many other legal instruments that can be used for tax optimization, such as utilizing tax depreciation options, tax incentives, or designing employee participation programs.
In conclusion, I would like to emphasize the importance of seeking advice from an experienced tax advisor or auditor to make optimal use of tax opportunities. I am happy to assist you with any further questions and provide detailed advice.
Sincerely,
Yvonne Schmidt
