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The Dutreil pact on business transfer. See also http://www.pactes-dutreil.com/. With the 75% reduction in the value of the company for calculating transfer taxes by donation or inheritance, the Dutreil pact promotes the transfer of the company and optimizes the management of the company manager's assets. The reduction applies at the time of the transfer of the company, and not at the time of signing the Dutreil pact. This is why the Dutreil pact must be signed and then donated without delay; corporate law - the SAS and preferred shares - allows the transfer of most of the capital to take full advantage of the Dutreil reduction, while retaining full powers within the company.