Tax and Legal
August 7, 2024 |
David Merz
The shareholders' agreement is an essential contract for the founding shareholders of a public limited company in Switzerland. It governs their rights, duties and responsibilities and provides a framework that goes beyond the limited mandatory provisions of the Swiss Code of Obligations. This agreement is particularly valuable for small public limited companies where personal relationships between shareholders play an important role.
By clearly defining expectations and procedures, a shareholders' agreement helps to avoid disputes and ensure alignment with the company's goals and vision. This article provides the key to understanding the components and implications of a shareholders' agreement, which are critical to effective governance and long-term synergies between shareholders.
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August 6, 2024 |
David Merz
Financial statements provide a snapshot of a company's financial position and performance over a specific period. They are crucial for making informed decisions, attracting investors, securing loans, and ensuring compliance.
In this article, we explore the three primary components of financial statements: the balance sheet, income statement, and the notes. We delve into the various elements of each and explain their significance for startups. Additionally, we discuss important considerations, including regulatory requirements, tips for preparing, managing, and utilizing financial statements, their practical applications, and common mistakes and misconceptions to avoid. Let’s dive in.
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July 12, 2024 |
David Merz
It’s every startup’s worst nightmare: having a profitable business on paper while still struggling to find the cash to stay afloat. Effective liquidity management is crucial for the success and sustainability of any business. By carefully planning and monitoring cash flow, companies can ensure they have sufficient liquid assets to meet short-term obligations and strategically manage their financial needs. This article explores the importance of liquidity management and planning, outlines the difference between acute and ongoing liquidity management, and provides practical tips and guidelines for maintaining optimal liquidity to navigate financial challenges effectively.
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July 11, 2024 |
David Merz
Getting to grips with the Swiss tax system can be a daunting task for newly established startups. With multiple layers of taxation at the federal, cantonal, and municipal levels, each with its own set of rules and regulations, it’s essential to have a clear understanding of your tax obligations. This comprehensive all-in-one guide aims to equip you with the tools you need to manage your taxes with confidence, highlighting key dates, deadlines and obligations. Whether you’re running your startup as a sole proprietorship or distinct corporate entity, staying compliant and optimizing your tax strategy can significantly impact your financial health and pave the way to long-term success.
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July 11, 2024 |
Nexova AG
Employees take a whole range of factors into account when looking for a job: Travel time to work, the possibility of working from home, the scope of duties, the number of vacation days and, finally, the salary. Because if this is not right, employers will also find it difficult to convince with the other points.
An optional salary component offered by many companies in Switzerland is the 13th monthly salary. It offers employees an additional incentive in their job and can be helpful for employers in attracting new employees. We therefore explain below:
What rules and regulations must be observed? How is the 13th month's salary calculated and taxed? And who is entitled to it. You can find all the important information here.
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July 11, 2024 |
Nexova AG
As an entrepreneur, if you only think about how much capital is available on the stock market, you might think that the decision to become a public limited company is an easy one. But it's not that simple, because although the legal form offers founders particular advantages, there are also challenges.
As one of the oldest and most flexible corporate structures, the AG enables companies to raise capital, structure management efficiently and appeal to a broad investor base.
At the same time, it is subject to complex legal requirements and requires a clear governance structure.
This article examines in detail the advantages and disadvantages of an AG in Switzerland and provides you with a sound basis for decision-making.
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July 11, 2024 |
Nexova AG
Alongside the limited liability company and the sole proprietorship, the public limited company is one of the most frequently chosen legal forms when founding a company in Switzerland. It is particularly popular due to its limited liability, which extends exclusively to the business assets. For those who can raise the necessary share capital, the AG also offers excellent opportunities for growth.
These advantages also make the company form attractive for smaller companies. You can find details on the required start-up capital and all the points that are necessary for the formation of an AG in the following checklist.
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July 11, 2024 |
David Merz
Deciding whether to manage your company’s accounting in-house or to outsource is a critical decision for SMEs and startups in Switzerland. Founders may consider the option of handling accounting tasks themselves to save costs and maintain control. However, the complexity of Swiss accounting standards and the significant time investment required can make this challenging and inefficient. This article explores the practical aspects of doing your own accounting and its pros and cons, and provides insights into whether outsourcing might be the better option for your business.
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July 11, 2024 |
Nexova AG
The limited liability company is one of the most popular legal forms, along with the sole proprietorship and the public limited company. In 2023, almost 50% of all founders in Switzerland opted for a limited liability company, as it offers numerous advantages that make it attractive to entrepreneurs and investors.
From the limited liability for shareholders to the comparatively low capital requirements and tax advantages - the GmbH is a flexible and secure option for companies.
Nevertheless, there are disadvantages, such as the comparatively high administrative costs and the disclosure obligations, which must be carefully weighed up.
This article provides an overview of the most important advantages and disadvantages of the GmbH and highlights for whom this legal form is particularly suitable.
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