Czech family firms
, usually incorporated as limited liability companies
or sole proprietorships
,can benefit from the interest the local government has in such businesses. An important aspect related to the family companies
developed in Czech Republic
refers to the fact that their presence started to have positive effects on the local market and, thus, the representatives of the country are searching for methods to make such businesses more competitive. Our team of lawyers in Czech Republic
can offer more details on the registration of a company
Promoting family businesses in Czech Republic
Family businesses are usually represented by small companies, operating with just several business activities. The University of Economics in Prague, Czech Republic, launched a Centre for Family Business, where the investors of such companies can receive assistance on how to better manage the operations of the company.
The Centre provides various services related to the issues that such companies usually confront with in Czech Republic.
A main point of interest for the representatives of the country refers to the transfer of ownership
– in the case of family businesses
launched 25 years ago, after the fall of communism in Czech Republic
. Most of the businessmen who started a family company
are now interested to transfer the company
to their children, who represent the new generation of young entrepreneurs
. Our team of attorneys in Czech Republic
can offer information on the provisions related to the transfer of ownership
Family companies in Czech Republic
At the moment, Czech Republic does not apply a specific policy related to the development of family businesses, but the representatives of the local institutions are interested in changing this aspect.
are very important for the local economy, as they generate 30% of the country’s Gross Domestic Product (GDP). Such companies need a solid legislative framework, starting from the legal definition of family firms
, and continuing with the funds
they may access.
An important aspect related to family businesses in Czech Republic is related to the fact that they can adapt very rapidly to various market changes, as the companies do not have a complicated management structure.