Our practice provides legal services for tax issues arising in the course of business operations, as well as inheritance and gift issues arising in connection with business succession.
In recent years, the Korean government has expanded support schemes for smooth business succession for small and medium-sized enterprises, such as the inheritance tax deduction, special taxation of gift tax on shares in corporate succession, and deferred payment of inheritance tax on family property. In addition, various trust vehicles, with the amendment of the Trust Act and the enactment of the Public Benefit Trust Act, are available for wealth succession and management. Kim & Kim provides comprehensive solutions to help business owners properly plan for succession and ensure smooth business continuity.
Our practice provides legal services for tax issues arising in the course of business operations, as well as inheritance and gift issues arising in connection with business succession.
In recent years, the Korean government has expanded support schemes for smooth business succession for small and medium-sized enterprises, such as the inheritance tax deduction, special taxation of gift tax on shares in corporate succession, and deferred payment of inheritance tax on family property. In addition, various trust vehicles, with the amendment of the Trust Act and the enactment of the Public Benefit Trust Act, are available for wealth succession and management. Kim & Kim provides comprehensive solutions to help business owners properly plan for succession and ensure smooth business continuity.