ARE THERE BENEFITS TO DROPPING THE VEREIN STRUCTURE?

RICHARD TURNOR | MAURICE TURNOR GARDNER

The advantages are that moving from a verein structure means that the new entity is probably just as tax efficient but that there is more flexibility for management.

NEAL TODD | BERWIN LEIGHTON PAISNER

The verein is a useful way to regulate partnerships but moving away from that allows partnerships more flexibility and management can do as they wish.

RICHARD BARHAM | DENTON WILDE SAPTE

A Swiss verein works as a co-operative or members' club. Profits are housed in separate entities. But the verein should not control its members. Under another structure, the top entity might have greater control to manage and change the shape of the underlying business.