Family firms in Slovakia: succession, conflicts and asset protection

Family businesses represent a significant segment of the economy, and their functioning is often influenced by specific relational, ownership and generational factors.

In this episode of the Highgate Talks podcast, Tomas Demo, Partner at Highgate Group, talks with Erika Matwij, founder of the Family Business Institute, about why and how to address the long-term protection of family business and assets.

Family business is not just about numbers and strategy. It has its specifics. If a family business is to withstand unexpected situations in the family and the business, it must be prepared in time.

In the interview you will learn, for example:

  • why succession in a company is a 7 to 15 year process
  • why many family businesses only solve problems in a crisis situation
  • what conflicts arise in the distribution of assets between family members
  • why children of founders often don’t want to take over the company
  • what mechanisms can help protect family assets
  • why Slovak entrepreneurs are increasingly looking at foreign structures

 

We also address the broader question:

Does it make sense to move family assets abroad or can the company and family wealth be protected in Slovakia?

If you are a (family) business owner who is interested in the topics of protecting both corporate and private assets, this interview will give you practical insight into the key topics you should be addressing.

And if you want to go even more in-depth, come to our Highgate Business Brunch:
How not to lose the business you’ve been building all your life?

Related products and activities

CONTACT

Need help or advice? Reach out to us.

Law & Tax
Tomas Demo
tomas.demo@highgate.sk

Accounting
Peter Šopinec
peter.sopinec@highgate.sk

Crypto
Peter Varga
peter.varga@highgate.sk

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