{"id":5453,"date":"2020-08-15T11:25:12","date_gmt":"2020-08-15T09:25:12","guid":{"rendered":"https:\/\/www.ecovis.com\/austria\/?p=5453"},"modified":"2022-03-25T11:28:25","modified_gmt":"2022-03-25T10:28:25","slug":"negative-liquidation-preference-in-connection-with-employee-participation-programs","status":"publish","type":"post","link":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/","title":{"rendered":"Negative liquidation preference in connection with employee participation programs"},"content":{"rendered":"<p>Participation programs are an important instrument in the start-up world to attract and motivate qualified employees. The underpriced or free of charge granting of a shareholding to employees can basically lead to a taxable non-cash benefit (\u201cSachbezug\u201d). In this context, the agreement of a negative liquidation preference could be considered. The relating tax consequences in connection with the agreement of a negative liquidation preference are discussed below.<\/p>\n<p>von Christoph Puchner und David Gloser<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><a href=\"https:\/\/www.aaia.at\/de\/aaia_blog\/negative-liquidation-preference-in-connection\/\" target=\"_blank\" rel=\"noopener\">zum Beitrag auf aaia.at<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Participation programs are an important instrument in the start-up world to attract and motivate qualified employees. The underpriced or free of charge granting of a shareholding to employees can basically lead to a taxable non-cash benefit (\u201cSachbezug\u201d). In this context, the agreement of a negative liquidation preference could be considered. The relating tax consequences in [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":5351,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33,30,44],"tags":[],"class_list":["post-5453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aktuelles","category-publikationen","category-publikationen-2020"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Negative liquidation preference in connection with employee participation programs | ECOVIS in \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Negative liquidation preference in connection with employee participation programs | ECOVIS in \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"Participation programs are an important instrument in the start-up world to attract and motivate qualified employees. The underpriced or free of charge granting of a shareholding to employees can basically lead to a taxable non-cash benefit (\u201cSachbezug\u201d). In this context, the agreement of a negative liquidation preference could be considered. The relating tax consequences in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\" \/>\n<meta property=\"og:site_name\" content=\"ECOVIS in \u00d6sterreich\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ecovisaustria\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-15T09:25:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-25T10:28:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"503\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"shackl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"shackl\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\"},\"author\":{\"name\":\"shackl\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/#\/schema\/person\/6df9bf03081e5b9155e14b30f7d91634\"},\"headline\":\"Negative liquidation preference in connection with employee participation programs\",\"datePublished\":\"2020-08-15T09:25:12+00:00\",\"dateModified\":\"2022-03-25T10:28:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\"},\"wordCount\":88,\"publisher\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg\",\"articleSection\":[\"Aktuelles\",\"Publikationen\",\"Publikationen 2020\"],\"inLanguage\":\"de\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\",\"url\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\",\"name\":\"Negative liquidation preference in connection with employee participation programs | ECOVIS in \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg\",\"datePublished\":\"2020-08-15T09:25:12+00:00\",\"dateModified\":\"2022-03-25T10:28:25+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#breadcrumb\"},\"inLanguage\":\"de\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage\",\"url\":\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg\",\"contentUrl\":\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg\",\"width\":1280,\"height\":503},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\/\/www.ecovis.com\/austria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Negative liquidation preference in connection with employee participation programs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/#website\",\"url\":\"https:\/\/www.ecovis.com\/austria\/\",\"name\":\"ECOVIS Austria\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ecovis.com\/austria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"de\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/#organization\",\"name\":\"Ecovis Austria\",\"alternateName\":\"Ecovis Austria\",\"url\":\"https:\/\/www.ecovis.com\/austria\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2025\/08\/ECOVIS_3544x843-scaled.png\",\"contentUrl\":\"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2025\/08\/ECOVIS_3544x843-scaled.png\",\"width\":2560,\"height\":609,\"caption\":\"Ecovis Austria\"},\"image\":{\"@id\":\"https:\/\/www.ecovis.com\/austria\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ecovisaustria\/\",\"https:\/\/www.instagram.com\/ecovisaustria\/\",\"https:\/\/at.linkedin.com\/company\/ecovisaustria\"],\"email\":\"office@ecovis.at\",\"telephone\":\"+43 (1) 59922 0\",\"legalName\":\"ECOVIS Austria Wirtschaftspr\u00fcfungs- und Steuerberatungsgesellschaft m.b.H.\",\"foundingDate\":\"1982-01-01\",\"vatID\":\"ATU44137108\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"},\"ownershipFundingInfo\":\"https:\/\/www.ecovis.com\/austria\/impressum\/\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ecovis.com\/austria\/#\/schema\/person\/6df9bf03081e5b9155e14b30f7d91634\",\"name\":\"shackl\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"de\",\"@id\":\"https:\/\/secure.gravatar.com\/avatar\/df1593f177947dfacb74d4eddd7f6409a8999f9755b0787f55c93255b52bda73?s=96&d=mm&r=g\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/df1593f177947dfacb74d4eddd7f6409a8999f9755b0787f55c93255b52bda73?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/df1593f177947dfacb74d4eddd7f6409a8999f9755b0787f55c93255b52bda73?s=96&d=mm&r=g\",\"caption\":\"shackl\"},\"url\":\"https:\/\/www.ecovis.com\/austria\/blog\/author\/shackl\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Negative liquidation preference in connection with employee participation programs | ECOVIS in \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/","og_locale":"de_DE","og_type":"article","og_title":"Negative liquidation preference in connection with employee participation programs | ECOVIS in \u00d6sterreich","og_description":"Participation programs are an important instrument in the start-up world to attract and motivate qualified employees. The underpriced or free of charge granting of a shareholding to employees can basically lead to a taxable non-cash benefit (\u201cSachbezug\u201d). In this context, the agreement of a negative liquidation preference could be considered. The relating tax consequences in [&hellip;]","og_url":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/","og_site_name":"ECOVIS in \u00d6sterreich","article_publisher":"https:\/\/www.facebook.com\/ecovisaustria\/","article_published_time":"2020-08-15T09:25:12+00:00","article_modified_time":"2022-03-25T10:28:25+00:00","og_image":[{"width":1280,"height":503,"url":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg","type":"image\/jpeg"}],"author":"shackl","twitter_card":"summary_large_image","twitter_misc":{"Verfasst von":"shackl"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#article","isPartOf":{"@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/"},"author":{"name":"shackl","@id":"https:\/\/www.ecovis.com\/austria\/#\/schema\/person\/6df9bf03081e5b9155e14b30f7d91634"},"headline":"Negative liquidation preference in connection with employee participation programs","datePublished":"2020-08-15T09:25:12+00:00","dateModified":"2022-03-25T10:28:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/"},"wordCount":88,"publisher":{"@id":"https:\/\/www.ecovis.com\/austria\/#organization"},"image":{"@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg","articleSection":["Aktuelles","Publikationen","Publikationen 2020"],"inLanguage":"de"},{"@type":"WebPage","@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/","url":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/","name":"Negative liquidation preference in connection with employee participation programs | ECOVIS in \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.ecovis.com\/austria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage"},"image":{"@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg","datePublished":"2020-08-15T09:25:12+00:00","dateModified":"2022-03-25T10:28:25+00:00","breadcrumb":{"@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#breadcrumb"},"inLanguage":"de","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/"]}]},{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#primaryimage","url":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg","contentUrl":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg","width":1280,"height":503},{"@type":"BreadcrumbList","@id":"https:\/\/www.ecovis.com\/austria\/blog\/negative-liquidation-preference-in-connection-with-employee-participation-programs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.ecovis.com\/austria\/"},{"@type":"ListItem","position":2,"name":"Negative liquidation preference in connection with employee participation programs"}]},{"@type":"WebSite","@id":"https:\/\/www.ecovis.com\/austria\/#website","url":"https:\/\/www.ecovis.com\/austria\/","name":"ECOVIS Austria","description":"","publisher":{"@id":"https:\/\/www.ecovis.com\/austria\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ecovis.com\/austria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"de"},{"@type":"Organization","@id":"https:\/\/www.ecovis.com\/austria\/#organization","name":"Ecovis Austria","alternateName":"Ecovis Austria","url":"https:\/\/www.ecovis.com\/austria\/","logo":{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/www.ecovis.com\/austria\/#\/schema\/logo\/image\/","url":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2025\/08\/ECOVIS_3544x843-scaled.png","contentUrl":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2025\/08\/ECOVIS_3544x843-scaled.png","width":2560,"height":609,"caption":"Ecovis Austria"},"image":{"@id":"https:\/\/www.ecovis.com\/austria\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ecovisaustria\/","https:\/\/www.instagram.com\/ecovisaustria\/","https:\/\/at.linkedin.com\/company\/ecovisaustria"],"email":"office@ecovis.at","telephone":"+43 (1) 59922 0","legalName":"ECOVIS Austria Wirtschaftspr\u00fcfungs- und Steuerberatungsgesellschaft m.b.H.","foundingDate":"1982-01-01","vatID":"ATU44137108","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"},"ownershipFundingInfo":"https:\/\/www.ecovis.com\/austria\/impressum\/"},{"@type":"Person","@id":"https:\/\/www.ecovis.com\/austria\/#\/schema\/person\/6df9bf03081e5b9155e14b30f7d91634","name":"shackl","image":{"@type":"ImageObject","inLanguage":"de","@id":"https:\/\/secure.gravatar.com\/avatar\/df1593f177947dfacb74d4eddd7f6409a8999f9755b0787f55c93255b52bda73?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/df1593f177947dfacb74d4eddd7f6409a8999f9755b0787f55c93255b52bda73?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/df1593f177947dfacb74d4eddd7f6409a8999f9755b0787f55c93255b52bda73?s=96&d=mm&r=g","caption":"shackl"},"url":"https:\/\/www.ecovis.com\/austria\/blog\/author\/shackl\/"}]}},"images":{"medium":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg","large":"https:\/\/www.ecovis.com\/austria\/wp-content\/uploads\/2022\/03\/pexels-nappy-93613711.jpg"},"_links":{"self":[{"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/posts\/5453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/comments?post=5453"}],"version-history":[{"count":1,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/posts\/5453\/revisions"}],"predecessor-version":[{"id":5454,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/posts\/5453\/revisions\/5454"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/media\/5351"}],"wp:attachment":[{"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/media?parent=5453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/categories?post=5453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ecovis.com\/austria\/wp-json\/wp\/v2\/tags?post=5453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}