Family Business and Its Anchoring In the Legal Order of the Slovak Republic and the Czech Republic

The change of social establishment in 1989 brought many possibilities for individuals to realize their business intentions. One of these options is family business. At least the declared objective of each executive is to create a favorable business environment with a special emphasis on family business. This represents, in the developed countries of Western Europe in particular, the most powerful engine of its economy, with many advantages and advantages. The aim of the paper is to examine selected aspects of family business using scientific methods such as analysis, synthesis, description or comparison, focusing on the economic but especially legal definition of selected concepts in the legal orders of the Slovak Republic and the Czech Republic. In terms of systematics, the contribution is divided into several successive parts, focusing on definition of family business. The issue of family business is a priority in the area of commercial law, but it offers significant transitions in the field of economics, management and marketing therefore, we can talk about a multidisciplinary examination of this issue. Its concept and legislation remains largely unfinished in the Slovak legal and economic environment. A better situation is in the Czech Republic where part of the legal order is at least the regulation of the family enterprise.