Farm-ING becomes FlexCo: A strategic step into the future
Farm-ING Smart Farm Equipment GmbH is breaking new ground: by transforming into a flexible corporation (FlexCo), we are underlining our commitment to innovation and adaptability. This transformation allows us to react even faster and more effectively to the dynamic requirements of the market – a milestone in our company’s development.
FlexCo: The innovative legal form of the future
The introduction of FlexCo was made possible by the Flexible Capital Company Act (FlexKapGG), which came into force on December 15, 2023. FlexCo thus complements existing legal forms such as GmbH and AG and opens up completely new opportunities for companies to design their structures in a flexible and future-oriented manner.
What makes FlexCo so unique?
FlexCo offers a number of advantages that are particularly important for modern and dynamic companies such as Farm-ING:
- Faster decisions
In future, circular resolutions can be passed in writing without requiring the unanimous consent of all shareholders. This speeds up decision-making processes considerably and strengthens our ability to act in a fast-moving market. - Innovative employee participation
Company value shares enable flexible profit-sharing without voting rights. These shares are easily transferable and offer an ideal basis for retaining talent in the company in the long term. We create attractive prospects for our employees with additional options such as a conversion right into company shares and a co-sale right. - Less bureaucracy
The administrative burden is significantly reduced by the option of transferring company value and shares without the need for a notary. This gives us more time to concentrate on our core objectives.
Why FlexCo for Farm-ING?
With the new legal form, we are sending a clear signal for efficiency,
adaptability and innovative strength. FlexCo gives us the freedom to react
more quickly to market changes and at the same time to introduce modern
participation models that are attractive to both existing and
future employees – an interest that has already been signaled by
employees. This strategic move also underlines
our ambition to be a pioneer in the field of smart farm equipment and
enables us to further advance our vision of technology-based, sustainable
agriculture and strengthen our market position.
Strong partnership with RPCK Rastegar Panchal
The transformation into a FlexCo was a significant step that required forward-looking support. With RPCK Rastegar Panchal, we had an experienced partner at our side who supported us with their expertise in corporate law and innovative corporate structures. Thanks to this collaboration, we were able to efficiently shape the transformation process and optimally align our company for the future.
