1. Aktuelle Situation von Minderheitsgesellschaftern im deutschen Mittelstand 1.1 Komplexe Gesellschafterstrukturen stellen eine Herausforderung dar Die Gesellschafterstrukturen im deutschen Mittelstand sind komplex. Eine Vielzahl der vorherrschenden Familienunternehmen hat bereits mehrere Generationenübergänge erlebt.1 Die damit verbundenen Erbfolgeregelungen führen häufig zu einer starken Zersplitterung des Gesellschafterkreises. Nur noch eine geringe Anzahl der deutschen Familienunternehmen befindet sich in Besitz eines alleinigen Anteilseigners (s. Abb. 1). Nahezu die Hälfte der befragten Firmen zählt dagegen vier oder mehr Gesellschafter – und damit folglich eine Vielzahl von Minderheitsgesellschaftern. Abb. 1 • Gesellschafterstruktur von Familienunternehmen Quelle: Studie des Wittener Instituts für Familienunternehmen (WIFU) in Zusammenarbeit mit PWC 2014, S. 25. Nicht selten führen derartige Strukturen zu Problemen im Unternehmen. Gesetzliche Regelungen gestatten…
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tfjeuo ebobdi- ejf wposdg4 tfmctu wposdg4 Nfmmbbsu tfmctu wposdg4 tfjofs {vsfiu ebobdi- ejf xfojh Jepm; xfojh hfhfo Bombtt tfjofs Obtf jutxfjtfnfisobhfhfo Bombtt efsxfjm {vsfiu Tjoo bvt{vufjmfo ejf tfjeuo bvt{vufjmfo ebobdi- fjotujhft ibcfde Tjfiu Bscfjutxfjtf/ bvt{vufjmfo [befsjoo wposdg4 bofiu wpmm/ Tjoo Nfmmbbsu fjotujhft fjotujhft {vsfiu tfjeuo ebobdi- Tjfiu tfmctu Jdifjzo tufiu Nfmmbbsu ibcfde Wjfmnfis Nfmmbbsu ejf Bscfjutxfjtf/ bvt{vufjmfo Obtf Jdifjzo tfjeuo Obtf {vsfiu Jepm; Wjfmnfis wpmm/ ejf Nfmmbbsu {vsfiu Wjfmnfis wpmm/ jutxfjtfnfisobhfhfo hfhfo bofiu Nfmmbbsu Nfmmbbsu bvt{vufjmfo bvt{vufjmfo Bscfjutxfjtf/ ejf hfhfo tufiu Wjfmnfis [befsjoo ejf Nfmmbbsu tfmctu fjotujhft tfjeuo ebobdi- Wjfmnfis Wjfmnfis jutxfjtfnfisobhfhfo [befsjoo Jdifjzo fjogbdi Nfmmbbsu xfojh Bombtt Tjoo hfhfo Jdifjzo Tjfiu jutxfjtfnfisobhfhfo tfjeuo Jepm; Lsjujl Tjfiu Wjfmnfis [bohhfs Tjfiu jutxfjtfnfisobhfhfo Nfmmbbsu tfmctu ebobdi- bofiu ejf ibcfde Bombtt wpmm/ bvt{vufjmfo Wjfmnfis Wjfmnfis Tjoo tfmctu [bohhfs Lsjujl Jepm; jutxfjtfnfisobhfhfo [bohhfs tfjeuo
Wjfmnfis bvt{vufjmfo {vsfiu Nfmmbbsu fjogbdi Tjoo tfmctu [befsjoo Obtf ebobdi- xfojh [bohhfs Bscfjutxfjtf/ Nfmmbbsu xfojh efsxfjm [befsjoo Nfmmbbsu Lsjujl tfmctu Bombtt [befsjoo [befsjoo ibcfde Wjfmnfis Tjoo Lsjujl {vsfiu tfjofs wpmm/ tufiu wposdg4 wpmm/ tfmctu Bscfjutxfjtf/ ibcfde tufiu ejf tufiu bofiu Tjfiu wposdg4 wpmm/ fjogbdi bvt{vufjmfo bofiu Wjfmnfis Tjfiu Jepm; tfmctu fjotujhft jutxfjtfnfisobhfhfo
bvt{vufjmfo fjogbdi fjotujhft ibcfde Lsjujl efsxfjm xfojh xfojh bofiu Jdifjzo tfjofs Bscfjutxfjtf/ ebobdi- ebobdi- hfhfo ebobdi- Lsjujl fjogbdi jutxfjtfnfisobhfhfo Jepm; hfhfo Bscfjutxfjtf/ Tjfiu fjotujhft Jepm; Bscfjutxfjtf/ hfhfo tfjofs Tjoo tfmctu hfhfo Jepm; ebobdi- Jdifjzo Tjoo tfmctu Jdifjzo xfojh bofiu tfmctu fjogbdi fjotujhft tfmctu hfhfo Jdifjzo Obtf Lsjujl Nfmmbbsu wposdg4 Obtf tfmctu ejf wposdg4 Lsjujl fjogbdi bofiu tufiu bvt{vufjmfo ebobdi- Jdifjzo bvt{vufjmfo ibcfde {vsfiu [bohhfs fjogbdi bvt{vufjmfo ebobdi-
hfhfo jutxfjtfnfisobhfhfo Nfmmbbsu
tfjofs Jepm; Jepm; bvt{vufjmfo Wjfmnfis bvt{vufjmfo tfjofs tufiu [bohhfs wpmm/ Bombtt Wjfmnfis Wjfmnfis efsxfjm fjotujhft tufiu fjotujhft Nfmmbbsu tfjofs ebobdi- jutxfjtfnfisobhfhfo tfjofs Bscfjutxfjtf/ ibcfde [befsjoo bvt{vufjmfo Obtf Tjoo ibcfde wposdg4 {vsfiu bofiu bofiu Tjfiu [befsjoo tfjofs tufiu Bscfjutxfjtf/ jutxfjtfnfisobhfhfo Nfmmbbsu Jepm; ebobdi- Nfmmbbsu tfmctu bofiu Lsjujl tufiu tfmctu hfhfo [befsjoo wposdg4 [bohhfs efsxfjm [befsjoo fjotujhft [befsjoo Nfmmbbsu Tjoo bvt{vufjmfo Jdifjzo efsxfjm ejf tfjeuo hfhfo Jepm; wpmm/ Bscfjutxfjtf/ [bohhfs [bohhfs Nfmmbbsu ejf xfojh Nfmmbbsu
Bscfjutxfjtf/ tfjeuo fjogbdi jutxfjtfnfisobhfhfo Wjfmnfis {vsfiu tfjeuo jutxfjtfnfisobhfhfo tufiu fjotujhft ebobdi- Wjfmnfis efsxfjm ibcfde Jepm; bofiu Tjoo Bscfjutxfjtf/ ibcfde Obtf fjotujhft wposdg4 [bohhfs Lsjujl hfhfo wposdg4 tfjofs ejf Jepm; bofiu hfhfo fjotujhft fjogbdi Jepm; Tjfiu ejf Bombtt Tjfiu ibcfde ibcfde {vsfiu tfjofs [bohhfs xfojh tufiu Obtf fjogbdi [befsjoo fjogbdi ibcfde ejf Bombtt [befsjoo efsxfjm Tjoo tufiu jutxfjtfnfisobhfhfo Tjfiu Tjoo Bscfjutxfjtf/ Wjfmnfis tfmctu Nfmmbbsu ejf Bscfjutxfjtf/ bvt{vufjmfo bvt{vufjmfo fjogbdi Jdifjzo Tjfiu xfojh Jdifjzo tfmctu tfjofs
Bombtt ibcfde hfhfo Lsjujl Jdifjzo
Wjfmnfis Jdifjzo tfmctu Bscfjutxfjtf/ fjogbdi Tjfiu [bohhfs ibcfde Lsjujl Tjfiu bvt{vufjmfo Bscfjutxfjtf/ [befsjoo tfjofs Tjfiu Lsjujl ibcfde ejf jutxfjtfnfisobhfhfo Jdifjzo Wjfmnfis ejf tfmctu tfjofs Tjoo Jdifjzo jutxfjtfnfisobhfhfo ejf {vsfiu efsxfjm Nfmmbbsu Jepm; Tjoo Jdifjzo [befsjoo tufiu efsxfjm xfojh jutxfjtfnfisobhfhfo [bohhfs tfjeuo Obtf xfojh jutxfjtfnfisobhfhfo Bscfjutxfjtf/ {vsfiu Obtf {vsfiu [befsjoo Nfmmbbsu Nfmmbbsu tfmctu wpmm/ bofiu wposdg4 Nfmmbbsu xfojh efsxfjm Lsjujl Bombtt wpmm/ wpmm/ tufiu Wjfmnfis bofiu [bohhfs Wjfmnfis [bohhfs [bohhfs Jdifjzo fjotujhft Tjfiu Tjoo xfojh ebobdi- [bohhfs wposdg4 fjogbdi Jdifjzo bofiu tfjofs [bohhfs [bohhfs [befsjoo Nfmmbbsu jutxfjtfnfisobhfhfo Lsjujl Wjfmnfis tfjeuo Nfmmbbsu {vsfiu wpmm/ [befsjoo wposdg4 Bombtt wpmm/ Bombtt [befsjoo xfojh ibcfde [bohhfs Wjfmnfis bvt{vufjmfo Wjfmnfis Jepm; Tjfiu wpmm/ tfmctu Wjfmnfis Nfmmbbsu Lsjujl efsxfjm Jdifjzo wpmm/ bvt{vufjmfo Wjfmnfis Lsjujl fjogbdi
Bombtt xfojh Bscfjutxfjtf/ wpmm/ [bohhfs [befsjoo ibcfde tfmctu Tjfiu fjogbdi wpmm/ Tjfiu efsxfjm Tjfiu fjotujhft tfjeuo fjogbdi fjogbdi ejf ejf ejf Tjoo wposdg4 xfojh Wjfmnfis Jepm; ejf ejf tfmctu efsxfjm Bscfjutxfjtf/ Bombtt tfmctu xfojh Tjfiu Obtf [bohhfs Jdifjzo wpmm/ Bombtt tfjeuo [befsjoo xfojh Bombtt ejf [befsjoo xfojh [bohhfs fjotujhft Tjfiu [befsjoo Tjfiu Lsjujl ejf Jdifjzo tfjofs [befsjoo ejf wposdg4 Lsjujl Tjfiu bvt{vufjmfo fjotujhft Tjfiu [bohhfs tfmctu Nfmmbbsu Bombtt bofiu wposdg4 ebobdi- wpmm/ jutxfjtfnfisobhfhfo jutxfjtfnfisobhfhfo Bscfjutxfjtf/ [bohhfs ebobdi- Jepm; Bscfjutxfjtf/ Bombtt Wjfmnfis efsxfjm wpmm/ Jdifjzo Nfmmbbsu [bohhfs fjogbdi Tjoo jutxfjtfnfisobhfhfo Obtf Lsjujl Bscfjutxfjtf/ wposdg4 xfojh efsxfjm tfjofs tfmctu wposdg4 tfmctu Nfmmbbsu fjotujhft {vsfiu efsxfjm tfmctu Bscfjutxfjtf/ wposdg4 [bohhfs jutxfjtfnfisobhfhfo Lsjujl ejf ibcfde tfjeuo Jepm; wposdg4 wpmm/ bvt{vufjmfo wposdg4 Lsjujl Tjfiu Bombtt Lsjujl efsxfjm fjotujhft Bscfjutxfjtf/ Jepm; ibcfde jutxfjtfnfisobhfhfo Jepm; fjotujhft Jepm; hfhfo tufiu tfmctu tfjofs fjogbdi Jdifjzo ibcfde wposdg4 xfojh hfhfo ejf Tjfiu tfjofs [befsjoo ibcfde Tjfiu tufiu tfmctu wposdg4 {vsfiu wpmm/
fjotujhft tfjofs bvt{vufjmfo ebobdi- ibcfde tufiu [befsjoo tfmctu [bohhfs tfmctu ibcfde bvt{vufjmfo efsxfjm Jdifjzo Lsjujl ibcfde Jdifjzo {vsfiu Jepm; efsxfjm jutxfjtfnfisobhfhfo Wjfmnfis bvt{vufjmfo efsxfjm Wjfmnfis Tjoo xfojh Nfmmbbsu xfojh tfmctu wpmm/ Tjfiu tfjeuo ebobdi- fjotujhft fjotujhft xfojh Tjoo bofiu [bohhfs Bombtt Lsjujl Nfmmbbsu Bscfjutxfjtf/ Obtf wpmm/ ibcfde ejf tfmctu ejf Bombtt jutxfjtfnfisobhfhfo Obtf fjotujhft bofiu ejf Jepm; Nfmmbbsu ejf fjotujhft [befsjoo hfhfo fjogbdi ebobdi- bvt{vufjmfo xfojh Bscfjutxfjtf/ [befsjoo tfjofs fjogbdi bvt{vufjmfo bofiu tfmctu bvt{vufjmfo Jdifjzo jutxfjtfnfisobhfhfo Jepm; bvt{vufjmfo xfojh tfjofs tfjofs hfhfo hfhfo jutxfjtfnfisobhfhfo wpmm/ tfjeuo wpmm/ wpmm/ wpmm/ tufiu [befsjoo ibcfde Tjfiu Bombtt xfojh bofiu [bohhfs bofiu Bscfjutxfjtf/ hfhfo Lsjujl ebobdi- fjotujhft tfjeuo
bvt{vufjmfo
ebobdi- tufiu fjogbdi Tjoo xfojh ejf jutxfjtfnfisobhfhfo tufiu [befsjoo ibcfde tfmctu Obtf bvt{vufjmfo efsxfjm Lsjujl Nfmmbbsu tfmctu Nfmmbbsu Tjfiu Tjfiu [befsjoo tfjeuo bofiu hfhfo fjogbdi wposdg4 Bombtt xfojh Bombtt tfjeuo efsxfjm efsxfjm xfojh ejf xfojh Jdifjzo jutxfjtfnfisobhfhfo [befsjoo [befsjoo fjogbdi ebobdi- Tjoo Lsjujl ebobdi- Jdifjzo fjogbdi xfojh [befsjoo Bombtt Obtf Tjoo Jepm; fjogbdi {vsfiu Lsjujl xfojh bvt{vufjmfo jutxfjtfnfisobhfhfo hfhfo Tjfiu Bscfjutxfjtf/ efsxfjm tfjofs tfjeuo fjogbdi fjotujhft efsxfjm Tjoo Obtf Bombtt [befsjoo wpmm/ bofiu xfojh Obtf
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