RPCK advised Farm-ING on its conversion from a GmbH into a flexible company.
Under Section 25 FlexKapGG, such a change of corporate form is easy to implement, as all that is required is a corresponding amendment to the articles of association.
The company retains its identity, i.e. the company register number, tax number etc. remain the same.
The company elected a number of the new features, such as enterprise value shares (UWA) for employee participation, simplified circular resolutions under with Section 7 FlexKapGG, the creation of no-par value shares and virtual general meetings (VirtGesG).
Gregor Witzmann, founder and Managing Director, comments: “With the FlexCo, we are taking an innovative approach that gives us more flexibility, faster decision-making and modern employee participation. The FlexCo enables us to react even more effectively to market changes and strengthen our position as a pioneer in the field of smart farm equipment. This transformation brings many advantages: faster decisions, more flexible employee participation and less bureaucracy. With the FlexCo, we are shaping the future of agriculture and creating attractive prospects for our team.”
Farm-ING was advised by Keyvan Rastegar and Katharina Rastegar.