The relevant documents are organised.
With the documents available, authority, deadline and the concrete measure should now be reviewed and coordinated by counsel.
From the first concept to the commercial register: how a private foundation is set up under the PSG and which pitfalls typically lurk at formation.
BRANDAUER Rechtsanwälte
Foundation law team, Salzburg and throughout Austria
Your matter is handled by a team combining corporate law, asset succession, real estate law and dispute resolution. We review the foundation declaration, board resolutions, information rights and liability issues and set out clear next steps. Mag. Bernhard Brandauer is responsible for the legal advice, supported by further specialised lawyers of the firm where the matter requires it.
Setting up a private foundation looks like a formal chain at first sight: concept, notarial deed, commercial register. In reality almost all long-term decisions are set at this stage.
We show the typical stages so you can keep an overview of the order and the points where later dispute is often triggered.
Before the first notarial page there is always the concept phase: what is the economic sense of the foundation? Which assets are endowed? Who should get what and when? These questions shape almost all later rules.
Anyone who skips this clarification risks a foundation that exists formally but misses the economic point.
After the concept phase the foundation declaration is made as a notarial deed. The foundation deed is filed with the commercial register, the supplementary deed stays confidential.
With registration the foundation comes into existence. From that moment the endowed assets belong to the foundation itself.
Answer two short questions to get the next sensible steps.
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With the documents available, authority, deadline and the concrete measure should now be reviewed and coordinated by counsel.
First secure the foundation documents, resolutions, correspondence and deadline evidence. A reliable next step can then be set.
With the documents available, authority, deadline and the concrete measure should now be reviewed and coordinated by counsel.
First secure the foundation documents, resolutions, correspondence and deadline evidence. A reliable next step can then be set.
In foundation law, structure, deadlines and evidence decide. Call us directly or write to us, callback within one business day.
Address
BRANDAUER Rechtsanwälte GmbH Giselakai 51 5020 Salzburg
Phone
+43 662 6280000