Succession in Family Businesses

Succession in family businesses is one of the most complex, yet least systematically addressed, topics in the Czech business environment. This book is an accessible and practical guide to the intergenerational transfer of assets, management, and values. It shows how to prevent conflicts among family members, how to create and work meaningfully with a family constitution, and how to think about its legal role. It explains the options offered by asset-holding structures such as trusts or foundations, and how to set them up so they can withstand the sudden absence of the founder.
The author combines nearly a decade of experience with a deep legal background to provide answers to the questions that entrepreneurial families ask but rarely find comprehensive and responsible explanations for.