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Assets from the private assets will be incorporated into a private company that, depending on the configuration of the transmission of different tax consequences, over which the Federal Ministry of Finance on 11 Has informed July 2011. The Brunswick Tax Consultant Monika Nadler describes the criteria for the introduction of economic goods in exchange for company securities.

Go with the transfer of economic assets by the transferor an associated increase in proportion to the partnership; it is called a transfer in exchange for company securities. For the legal analysis is the capital account of balance of trade is of major importance. The Commercial Law defines the scope of rights in the company after the share capital of the shareholder. Typical social rights, for example, the distribution of annual profits, the authority to make withdrawals, and the right to conduct discussions on behalf of the partnership.

Unless permitted by the accounting agreement in the partnership agreement of commercial standard is different, there is the tax assessment is as follows:

Capital Account I
Be made following the transfer of assets from private property postings on the capital account I, the Treasury is assuming that there is a transfer in exchange for company securities. Is relevant to the granting of membership rights in the areas – of distribution of profits, withdrawals and disputes. The transfer of voting rights based solely on a sufficient consideration, because they do not relate to the involvement of a company.

Other shareholder accounts
Contractual agreements allow the company leadership variable shareholder accounts. Whether a transfer is associated here with the granting of social rights, is determined case by case basis from the relevant contractual agreements. Be in an account not only income but also loss booked, this is the case as evidence of the existence of a capital account.

If such, capital account II called, before posting account, the same rules apply as for the existence of a single capital account. This is expected in fiscal points of view from a single capital account that gives the company rights with postings on sub-accounts.

The account does not qualify as a partner’s capital account, is the case of the existence of a loan account. The transfer of assets to book on a loan account does not grant any rights society. Here there is a pecuniary transfer which should be treated in accordance with § 6 paragraph 1 number 1 or 2 Income Tax Act.

Thus unfolds the transfer of assets from personal assets to a partnership, the desired consequences, should first consult an experienced tax and accounting experts will be sought in each case. The Brunswick Tax Consultant Monika Nadler is always this happy.

As the professional business owner, you should better know how to manage your money. If you don’t give high attention in managing your money, I believe you will get disadvantage. You never know how much your advantage and disadvantage. Moreover, the online accounting software is holding a big role for your business future.  Even at this era, most of people are using internet for their life. Now I would like to share some important things why we are using this tool.

1. When you are using this tool, you could get the flexibility. You could get a transaction at every where only by using internet. As long as you have a clear transaction, you could receive money or paying someone at everywhere even at the bathroom.

2.  Good Management System. The other important things’ using this tool is clear data. It could be happened because all the transaction data are put in storage computer system. We will never get headache to fill up the transaction. The whole data had put on hardisk.

3. The business owner never worried in paying their tax. Everything had been put on program. This software will pay automatically to your bill as long you have money in your account. Even by using this tool they don’t have to use many computers only one computer  could manage the accounting.

5. It will be very efficient for your company. The program will always control your bill via online even the payment. The huge thing is this tool could manage it 24 hours. How useful this tool. So never worry to use this tool so you can get many advantages for your company. Thanks a lot.