GWW supported ZPP in developing a position on the draft Family Foundation Act

GWW supported the Union of Entrepreneurs and Employers (ZPP) in developing a position on the draft Family Foundation Act. Comments concerned:

• Taxation
• Liability of a family foundation for founder's obligations
• Multiple founders
• Exclusion of legal entities from being a founder
• Composition of the foundation's board of protectors and management board
• Prohibition of conducting business activities by the foundation
• Annual audit of the family foundation
• Administrative control by the National Revenue Administration
• Restrictions on possibility of shaping corporate governance

The comments made can be read at: https://zpp.net.pl/wp-content/uploads/2021/04/26.04.2021-Stanowisko-ZPP-ws.-projektu-ustawy-o-fundacji-rodzinnej.pdf

The following lawyers from the private client advisory team were involved in the work: Aldona Leszczyńska-Mikulska, Tomasz Krzywański, Jan Wnorowski.