commiss recommend decemb transfer small medium size enterpris text eea relev ec commiss european commun regard treati establish european commun council adopt decis eec relat inter alia improv busi environ programm support small medium size enterpris set decis revis council decis eec council reaffirm commit support consolid measur enterpris adopt resolut june decis eec council adopt effect juli programm measur intensifi prioriti area ensur continu polici enterpris programm concern foremost improv legal fiscal administr environ enterpris make specif provis examin transfer enterpris white paper growth competit employ mention transfer busi prioriti area requir measur improv situat integr programm favour sme craft sector june announc commiss recommend transfer busi part commun contribut improv busi environ commiss commun improv tax environ small medium size enterpris announc initi aim limit fiscal charg success donat resolut octob council invit member state commiss examin measur exist caus difficulti creation growth transmiss enterpris commiss conduct examin ascertain thousand enterpris oblig ceas trade year insuper difficulti affect transfer wind enterpris neg repercuss econom fabric busi creditor employe loss job econom activ regrett caus market forc insuffici prepar success inadequaci aspect member state law compani law inherit law fiscal law chanc success transfer improv effort enhanc awar entrepreneur inform educ effect prepar success enterpris lifetim nation law member state greatli increas number success busi transfer obstacl success transfer difficulti experienc successor financ compens heir particip enterpris adequ financi instrument member state chang enterpris legal form order prepar transfer give enterpris legal form conduc success oper member state legal provis made enterpris legal form wind enterpris creat entiti oper entail cost administr procedur period uncertainti partner parti public limit compani statu legal form meet requir transfer oper public limit compani statu impos demand condit creation dai dai manag condit gener gear limit compani broad sharehold base view protect member parti condit case entrepreneur seek creat public limit compani member famili facilit transfer method legal form facilit transfer manag respons ownership separ adopt enterpris legal form transfer hamper fiscal procedur consider appli oper involv prepar transfer transfer asset merger divis exchang share member state partnership wound death partner partnership agreement state unilater act partner conflict partnership agreement relev legisl provis take preced death partner discrep give rise conflict jeopard continu viabil firm liquid death partner sole proprietor heir member state requir make unanim decis continu firm result surviv firm jeopard heir wish firm ceas trade main obstacl prevent success transfer famili busi fiscal burden payment inherit gift tax threaten financi equilibrium enterpris surviv tax regim place european enterpris disadvantag vi vi intern competitor requir payment inherit tax gift tax forc heir enterpris sell share sell enterpris toto wind assess enterpris account loss enterpris result transfer difficult find successor familii sale enterpris form transfer made easier view guarante surviv famili ownership essenti encourag entrepreneur make arrang lifetim transfer enterpris employe bui form transfer encourag bui safeguard exist entrepris transfer previous acquir experi member state measur facilit transfer enterpris practic adopt member state formul recommend articl object member state invit measur facilit transfer small medium size enterpris order ensur surviv safeguard job depend invit measur extend legal fiscal administr system order make busi owner awar problem transfer encourag prepar event lifetim provid financi environ help success transfer permit businessman prepar effect transfer offer suitabl procedur ensur continu partnership sole proprietorship event death partner busi owner ensur success transfer famili inherit gift tax endang surviv busi encourag owner taxat measur pass busi sell transfer employe successor famili articl inform public privat initi aim stimul increas awar inform train businessmen encourag order ensur prepar success transfer small medium size enterpris articl financi environ small medium size enterpris provid financi environ conduc success transfer articl prepar transfer businessmen provid instrument prepar transfer end member state request provid transform enterpris whilst take right parti member account chang legal form wind firm creat legal entiti small medium size enterpris establish form public limit compani small number sharehold establish manag simplifi comparison public limit compani share own larg section public creation public limit compani partner accord articl twelfth council direct eec tax transact design separ manag power ownership recogn econom legal oper case object facilit transfer step author promot independ oblig stem commun law appli principl fiscal neutral oper prepar transfer transfer asset merger divis exchang share principl fiscal neutral appli stamp duti registr fee similar tax articl continu partnership sole proprietorship continu partnership sole proprietorship ensur event death partner owner end member state request provid principl event death partner partnership concern allow remain partner decid continu busi particip deceas partner heir reimburs share deceas partnership agreement derog principl continu busi contradict partnership agreement term gift resolv introduc provis nation legisl effect partnership agreement preced unilater action partner event death member partnership sole proprietor ensur famili law inherit law unanim rule decis framework joint ownership prevent enterpris concern ensur reimburs share deceas provid point payment financi compens minor heir point jeopard surviv enterpris end parti choos payment instal compens calcul basi market enterpris includ goodwil parti demand payment compens calcul strictli basi book articl inherit gift tax surviv enterpris ensur fiscal treatment success gift end member state invit measur reduc tax asset exclus busi case transfer gift success includ inherit tax gift tax registr fee provid busi genuin concern minimum period offer heir possibl spread defer payment gift inherit tax provid busi concern grant interest exempt ensur tax assess busi account busi month death owner articl transfer parti businessman encourag transfer death parti famili end member state invit waiv taxat part revenu ad capit gain aris asset busi event sale businessman reach ag provid tax incent reinvest profit made sale busi enterpris quot stock exchang activ engag product sale good servic promot transfer enterpris employe reduc taxat capit gain realiz transfer share employe waiv registr fee tax advantag grant resourc employe acquir enterpris defer taxat employe sell share measur appli equal enterpris worker cooper set employe articl concert action member state invit inform consult liaison commiss view benefit exchang experi practic transfer small medium size enterpris view implement measur provid recommend articl report enabl commiss evalu progress made member state invit commun latest decemb text legisl regul administr provis adopt order put recommend effect inform commiss futur propos area articl addresse recommend address member state brussel decemb commiss raniero vanni archirafi member commiss explanatori note recommend publish commun oj oj oj oj oj white paper part competit economi part section propos remedi final june oj oj oj