Family businesses and succession: handing over the business without worries

Have you built a family business with a clear vision and values? Do you want to pass it on to the next generation, but at the same time be sure that the transition will be smooth, legally secure and preserve the stability of the business and family relationships? We can help you with the entire process - from legal and strategic setup to protecting family assets.

Family businesses are a pillar of the Czech economy. They combine tradition with entrepreneurial vision and ensure the continuity of business and family heritage. But intergenerational turnover brings not only challenges but also risks - if not managed strategically, it can threaten both the business itself and family relationships.

Whether you're passing the business on to your offspring or want to ensure its stability in other ways, we'll set up the process to meet your needs and long-term goals.

What can we help you with?

The family constitution: clear rules for the future of the company

The Family Constitution is a document that aligns business vision with family values and prevents conflict. It enables the rules of the company to be defined transparently and sets a long-term strategy for intergenerational handover.

What can a family constitution contain?

• Rules for succession - how will the new leader of the company be selected? What conditions must be met?
• Rules for family involvement in the firm - who can be involved in leadership and what powers will they have?
• Dispute resolution mechanisms - how to avoid conflicts between family members and with external managers?
• Protection of family assets - how to ensure effective management of assets for future generations?

A family constitution is not just a document - it is an investment in the stability of your business. Together, we will create it in a way that respects your values, reflects the specifics of your business and ensures the long-term prosperity of your company.

The family business: the legal framework for family business

Do you want to legally anchor your family business? A family business is a special legal concept that sets clear rules for ownership, management and profit sharing by family members. It ensures that the rights of all family members are protected and that decision-making in the company is transparent.

What can we help you with?

• Establishing and setting up a family business - legal division of shares, responsibilities and powers.
• Arranging the rights and obligations of family members - clear rules for their involvement in management and decision-making.
• Protecting the business from external influences - setting up legal measures against unforeseen litigation or external interference.

Trust fund: protection of the assets and continuity of the company

If you want to ensure that your assets are managed exactly according to your rules and avoid succession disputes, a trust fund is the ideal solution. This legal instrument allows you to effectively protect your family wealth and manage it for future generations.

How can we help you?

• Establishing and properly setting up a trust fund - The legal and strategic structure of the fund.
• Defining the rules for the management of the assets - The conditions for payouts, decision-making and the use of the assets in accordance with your intentions.
• Long-term oversight of the trust - Ensuring that your assets serve your family for generations to come.

Succession planning - A strategic approach to handing over the business.

Intergenerational succession is not just a formal transfer of ownership - it is a strategic process that determines the future of the business. The key is to select the appropriate successors, ensure their preparation and set up a smooth transition without negatively impacting the operations of the business.

What are the steps ahead?

• Identify suitable successors - Who is ready to take over? What are their qualifications and experience?
• Preparing for the new role - Training, mentoring and support for future leadership.
• Gradual transfer of competencies - A smooth transition without shocks to ensure business continuity.
• Tax optimization and legal certainty - The right transition structure minimizes tax implications and protects your assets.

Employee Stock Ownership Plans (ESOP): motivating key employees

Want to engage key people in company ownership and motivate loyalty? Employee Stock Ownership Plans (ESOPs) allow you to effectively distribute shares to key employees, contributing to the long-term stability and success of the business.

What do we offer?

• ESOP program design and setup - Strategic planning and implementation.
• Legal support for share transfers - Transparent and secure legal structures.
• Tax optimization - Proper program setup with tax benefits in mind.

Why work with us?

• Experience and specialization - We have been helping family businesses with succession planning for many years.
• Individual approach - Every family and business is unique, so we create customized solutions.
• Long-term support - Not only will we help you develop a strategy, we'll work with you to adjust it over the years.
• Confidentiality and reliability - Family business is a sensitive subject, so we guarantee absolute confidentiality and security of all information.

Don't put off planning the future of your business

Intergenerational turnover doesn't happen overnight. The earlier you start, the smoother and safer the transition will be. If you want to make sure your business stays in good hands for generations to come, don't hesitate to contact us.

Schedule a consultation and together we'll find the best path for the future of your business.

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