The Russians were told about the ways of using the personal fund in practice

Through a personal fund, risks such as the unwillingness of heirs to engage in family business or the exclusion of heirs from managing business partners can be managed. However, there are cases when a personal fund may not help. This was reported on March 3 by RBC with reference to expert Anastasia Pribylova from UFG Wealth Management.

According to her, it is important to build a business management system. If an individual is the founder, and the heirs are not interested in running the business in the future, then shares in companies can be transferred through a personal fund. Thus, managers are appointed according to the rules of the constituent documents reflecting the will of the owner.

An entrepreneur can also build a system for coordinating actions with supervisory authorities in a personal fund. At the same time, a person can become a member of the board of trustees of the foundation in order to maintain control during their lifetime. As a result, he can indirectly participate in making key decisions.

In addition, it is necessary to plan the succession of asset ownership. If a person owns shares in a Limited Liability Company (LLC) and shares in a Closed-end Mutual Investment Fund (ZPIF) with potential risks of inheritance disputes, then a tool should be found that will allow for a fair division of assets.

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It is noted that if you leave the shares in the LLC and shares in the ZPIF in personal ownership, they will become part of the estate, and the heirs will be able to challenge both the will and the asset allocation after the opening of the inheritance. However, when assets are transferred to a personal fund, they are not included in the inheritance and cannot become the subject of inheritance disputes. This reduces the risk of conflicts and allows you to consolidate the founder's will in advance.

You can also transfer money and shares in companies through a personal fund. In order to gradually involve the heirs in the management of the family capital, they will receive payments in accordance with the conditions that are detailed in the organization's documents. However, until these conditions are met, the foundation will only make targeted payments to the heirs for education, health, housing and other fundamental needs. Thus, a personal fund becomes a tool that allows you to build a mechanism for transferring control to the next generation.

A personal fund is also able to prevent the fragmentation of business assets. All shares of an individual are combined in an organization, and specific management rules are set out in internal documents and the charter, for example, a personal fund enters into corporate agreements with partners on voting, profit sharing and asset management.

As a result, the business remains intact, and management continues within a single strategy. At the same time, the partners received legal guarantees of stability, and the heirs received income without participation in management.

In an interview with Izvestia on January 27, Tatyana Sokolova, the founder of Kitchens of Moscow, spoke about ways to build an effective sales system in small businesses. The specialist called the recognition of a key role the first step, since business does not exist without sales. She stressed that many entrepreneurs focus on product improvement, but without equal sales efforts, the company will not be able to develop, no matter how high the quality of its offerings.

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