Recently, a salon on the theme of "Legal Design, Tax Arrangement and Wealth Transmission of Family Business Segregation" organized by King&Capital and PricewaterhouseCoopers (PwC) was held at King&Capital. Mr. Yu Wenhongyan, Senior Partner of King&Capital Law Firm, Mr. Zhang Tuo, Partner of Private Wealth Services, Tax and Business Advisory of PwC, and Mr. Cheng Weiyan, Senior Manager of Private Wealth Services, Tax and Business Advisory of PwC, were the keynote speakers at the event.

Salon Scene

In this salon, Mr. Yu Wen introduced the root cause of the mixing of family assets and business assets and the solutions to deal with it. Lawyer Yuwen suggested that family businesses rely more on family leaders and need to work harder to maintain the inheritance of culture and values, and that attention should be paid to the impact of the personal death of the business owner as a natural person on the business, as well as to the impact of the "common debt and common signature", "husband and wife company", "equity company" and "family business" on the business. The salon also introduced the risks and root causes of mixing family assets and business property under the joint property system of husband and wife, centering on typical cases such as "joint debt co-signing", "husband and wife company" and "equity holding". The salon also discussed the top-level design of segregation of family assets and enterprise assets, in which Mr. Yu Wen focused on methods of internal corporate governance, optimizing the design of shareholding structure, and borrowing tools to segregate risks in order to protect family assets and safeguard the operation of the enterprise.

Mr. Yuwen Hongyan

Afterwards, King&Capital invited Tuo Zhang, Partner of PwC Private Wealth Services, Tax and Business Advisory, to give a lecture on tax administration and planning for high net worth individuals, discussing the latest progress of the global tax regulatory environment, the trend of tax administration in China, the tax optimization ideas and the landing arrangements for enterprises and individuals; at the same time, Ching Weiyan, Senior Manager of PwC Private Wealth Services, Tax and Business Advisory, was invited to give a lecture on property, Meanwhile, Mr. Cheng Weiyan, Senior Manager of PwC Private Wealth Services, Tax and Business Consulting, was invited to give a lecture on property, investment, tax risks of family estate and inheritance solutions.

PwC Private Wealth Services,

Tax and Business Advisory Partner, PwC

:

Tuo Zhang, Partner, Private Wealth Services, Tax & Business Advisory, PwC
PwC Private Wealth Services,

Cheng Weiyan, Senior Manager, Tax & Business Advisory, PricewaterhouseCoopers

The salon focused on how to implement the top-level legal design, tax arrangement and wealth inheritance of family business segregation, which are the concerns of entrepreneurs. The audience actively participated in the Q&A and discussion, and made valuable suggestions for the design of subsequent joint salons on law and tax. The audience thought that the salon was rich in content, the three speakers' sharing was easy to understand, and the audience benefited greatly from the discussion on the theoretical study of law and tax and the implementation of specific programs.