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Course module: 650443-M-6
650443-M-6
Family Businesses and Succession
Course info
Course module650443-M-6
Credits (ECTS)6
CategoryMA (Master)
Course typeCourse
Language of instructionDutch
Offered byTilburg University; Tilburg Law School; TLS: Department of Tax Law; Tax Law;
Is part of
M Tax Law
M Tax Economics
Lecturer(s)
Lecturer
mr. G.J.H. van der Sangen
Other course modules lecturer
Academic year2020
Starting block
SM 2
Course mode
Full-time
RemarksCaution: this information is subject to change
Registration openfrom 21/01/2021 up to and including 20/08/2021
Aims
The student learns to approach business succession from a variety of perspectives and learns to collaborate with students from other disciplines and faculties, as well as to accomplish a holistic vision on business succession within groups of students with different backgrounds.
• The student has acquired knowledge of the so-called “three-circle” model and understands in which way the company, the family and property can interact with each other. Moreover, the student acknowledges the problems that may arise therefrom.
• The student has acquired knowledge of various valuation methods and is able to apply these in concrete cases. The student is also able to indicate which valuation model should be given preference in relation to that case.
• The student has acquired knowledge about the various ways in which the transfer of a family business can be shaped and is able to appoint advantages and disadvantages of these different ways of financing. The student is also able to recognize, analyze and – finally – propose solutions for complicated factors that are linked to these different ways of financing businesses.
• The student is able to apply an appropriate governance structure on a family business in relation to the specific stage of the life cycle in which the family business is situated.
• The student has acquired knowledge about the aspects of business law, civil law and tax law that play a vital role in business succession and is able to identify and to analyze these aspects – separately and together – in a specific case. The student is also able to propose possible solutions scenarios.
• The student is able to recognize the influence of the familydynamic on the transfer of a family business.

The student learns to recognize the importance of “soft skills” in the advisory practice and develops skills to conduct advisory talks. 
• The student is able to report in clear and concise writing about his own research and is able to write an opinion to his client.
• The student is able to give an insightful oral presentation about his own research.
Content
With a family business, there is an overlap between business, family and property. This overlap is eminently apparent in business succession. The business owner should not only consider who will become his successor, but he also has to consider if and which family member will get ownership and control over the company and in which way the surveillance over the family business should be arranged. Another important issue is how the succession should be designed (sale, or gift / inheritance). Also the valuation and financing of the succession play an important role. Not only do these topics have corporate, civil and tax law law dimensions, but emotions are involved as well. Therefore, an integral vision and approach is required to achieve a successful business succession. 
All of the above-mentioned aspects will be addressed with help of a case study.
  
Way of Education
The various issues will be addressed on the basis of case studies taken from practice. First, theories will be discussed. After that, theory will translated into practice or vice versa. The students will be divided into groups in which each particular discipline will be represented as adequately as possible. With respect to the group assignments, an integral approach is paramount. As in practice, students must work together to achieve a good result.
The final assignment consists of writing a paper. In this paper, a business succession scenario has to be written for a specific business succession issue within a family business. In addition to a theoretical consideration, an opinion must be written to the family. The results of the research conducted will be presented through an oral presentation. In this light, entrepreneurs who have succeeded others, or entrepreneurs who have been succeeded by others, will tell their stories.

Specifics
Designed for: LLM Fiscaal Recht (Tax Law), Msc Fiscale Economie (Tax and Economics), Msc Ondernemingsrecht (Business Law), Msc Finance, Msc Accountancy and LLm Rechtsgeleerdheid (Law).

Possibly interesting for: Master Human Resource Studies and Master Organization Studies and Strategic Management

Instruction language: Dutch

External teachers: mr. drs. C.C.C. de Nooijer and dr. J.H.M. Nieuwenhuizen (both related to TiFB).

Required prior knowledge:
This subject is multidisciplinary and therefore suitable for several fields of study. As a consequence, you will be confronted with aspects that not have been – or to a lesser degree – have been discussed within your own field of study. This “disadvantage” will eliminated in two ways:
a)The composition of the groups is designed so that at least one student per group is represented in each field of study, and
b)An introductory lecture will be provided, which will outline the important issues in the field of tax law, civil law, business law and inheritance law. As a result, you will be able to fully participate within the lectures. 
Contact person
mr.dr. M.J. Hoogeveen
Timetable information
Family Businesses and Succession
Required materials
-
Recommended materials
To be announced
-
Tests
Final Result

Paper (50%)

Presentation (25%)

Take Home Exam (25%)

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