IDW S 16 is here: What managing directors now need to know about crisis early detection under sec. 1 StaRUG — duties, liability, and a roadmap.

A family office is essentially a structured management system for a family's assets. It pursues several goals simultaneously: the sustainable protection and growth of assets, efficient tax structuring, safeguarding family harmony, and preparing the next generation for responsibility.

A profit participation right is a contractual obligation that grants the employee equity participation rights without giving them corporate power. The employee becomes a creditor, not a co-owner.