Company transformations – increased traffic ahead of the New Deal?
In May, the government announced the so-called “The New Deal,” which is a package of legal changes regarding, among other things the country’s fiscal policy.
Among the many changes announced, there was an announcement regarding an increase in the health insurance premium. Importantly, the amount of the contribution is to be based on the payer’s income, and the amount will not be tax-deductible (as it is now), nor will it be linked to the planned increase in the so-called “tax-free” tax rate. “tax-free amount.”
The changes indicated above will hit sole proprietors and, arguably, partners in partnerships the hardest.
A safeguard, against having to pay a high health premium, is to convert a sole proprietorship into a corporation.
Under current regulations, a member of the board of directors of a capital company is not required to pay health insurance premiums. It should also be noted that an incorporated company significantly facilitates business succession for family members of the entrepreneur or the eventual sale of the business (shares or stocks).
The law firm, within the framework of the legal services offered, is engaged in carrying out the process of transformation of an entrepreneur into a capital company, provides ongoing advice on the design and implementation of the optimal corporate structure and legal relations in a capital company. At the same time caring for the comprehensiveness of the services provided, the firm cooperates with a certified auditor and tax consultants.