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Frequently asked questions on foundation law to lawyer Dr. Klaus Höchstetter
Before the foundation is established, the purpose of the foundation, the foundation charter and the foundation capital must be precisely defined.
State recognition by the foundation authorities is also required. The competent local supervisory authority is determined by the registered office of the foundation.
The foundation itself is then established by means of a so-called foundation transaction, in the context of which the founder transfers precisely defined assets to the foundation.
A basic distinction is made between charitable and private foundations, depending on the purpose of the foundation.
There are also so-called company foundations, which are used, for example, as part of the succession planning of a family business.
A further distinction is made depending on which special regulations have been included in the articles of association:
Foundation law is a complex subject and, depending on the initial situation and individual needs, it makes sense to establish different types of foundation. As a lawyer specializing in foundation law, we can provide you with comprehensive advice on the individual types of foundation and what you need to bear in mind when setting them up. Just get in touch with us.
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