How the analyses are made

Where the concept began

Years ago a representative of an Austrian private bank specialising in the management of family wealth gave me the Bulgarian edition of David Bork’s “The Little Red Book of Family Business”. The bank was trying to enter the Bulgarian market. Its attempt did not succeed, but not because the ideas in the book were wrong. Ready-made models carried over from another legal and business environment rarely work without translation into local conditions.

The main lesson of the book remains valid: the greatest risk to a family business is rarely the market. Far more often it is the absence of a clear boundary between family relations and the constitution of the business.

“Wealth Architecture” is an attempt to apply that lesson to Bulgarian law and to the real decisions facing owners here. The platform does not offer formulas imported ready-made, but a way of thinking tested in practice.

From observation to analysis

Every analysis begins with an observation from practice. Sometimes the same problem appears in different transactions, families or companies: the circumstances differ, but behind them one recognises the same dependency.

Then comes a check of whether this is a chance problem or a more general pattern: the legal framework, the economic logic, international experience, historical examples and the consequences of the various decisions are examined.

Only then does the observation become text:

observation → recurring pattern → research → comparison → verification → conclusion → analysis

How every analysis is built

Every analysis has a short version and a full text. The short version sets out the problem, shows what it reveals and suggests the direction in a few minutes of reading. The full text develops the question and ends with the part “Where exactly is the point of instability?”: the place at which the situation described ceases to be manageable.

At the end of every analysis come the colophon with the date of publication and the version, the suggested citation, the related analyses and the historical lessons on the subject. Texts that depend on legislation in motion also state the date to which they are current.

Author’s analyses → · The point of instability →

This is not a place for ready-made recipes. What is published here are tested questions, dependencies and models for thinking.