This seminar will take place on the soloists' stage of the Neue Musik Zeitschrift (New Music Journal), Hall 7a, from 2:30 p.m. to 4:00 p.m. as an open discussion.

Business Succession for Instrument Makers and Music Retailers

• Market analysis, industry-specific characteristics, available figures on the music industry
• Successful examples
• Why is the number of business successions still so low?

• Tax aspects
• Future of the profession: Music retailer
• Determining the company value using the AWH standard of the Chambers of Skilled Crafts

The following participants are highly likely to take part in the discussion:

• Mr. Kolb, editor of NMZ
• Christoph Endres, Federal Guild Master of Instrument Makers (moderator)
• BDK representative – probably Uwe König
• Jürgen Lutz, President of BDO
• Birgit Böcher (GDM, member of the Presidium of the German Music Council)

• Daniel Knöll (Managing Director of SOMM)

• Ms. Dietrich, Head of Management Consulting, HKW Middle Franconia

Objectives:

• To create a list of companies that intend to transfer their business. This list will also be published in schools and trade associations, and will be printed in the NMZ (Neue Musikzeitung).

• Potential companies and successors in all trades can get to know each other better through our network. The BIV (Federal Association of German Music Instrument Makers) can, for example, announce the list at master classes in musical instrument making.

• What sometimes expensive taxes must be considered when closing a business?