In January, the JKU LIT Open Innovation Center hosted a meeting about the "2023 Corporate Law Amendment Act and the Start-Up Promotion Act" to discuss the recently introduced new legal form of a "flexible corporation", enabling a new format of employee participation, especially with regulations regarding company value shares. The Start-Up Promotion Act (in the form of Section 67a of the Income Tax Act) opened the door to a new form of tax concession to support employee involvement at start-up companies.

Addressing over 100 participants (including Startrampe Sparkasse OÖ), Prof. Dr. Eveline Artmann (Institute for Corporate Law), Prof. Dr. Thomas Bieber (Institute for Financial Law / LIT Law Lab), tax expert Mag. Christoph Finsterer (Ernst & Young), and Univ. Prof. Dr. Reinhard Resch (Institute for the Rights of Basic Social Care and Healthcare Law) discussed the innovative corporate, tax, employment and social law, but also pointed out potential pitfalls such as, for example, the occurrence of dry income taxation under Section 67a of the Income Tax Act in certain cases.