Family Business in the Light of the Corpus and the Czech Law

Abstract

This paper focuses on the new terminology used in the new Czech Civil Code, which is in force from January 1, 2014. This new Civil Code completely changes the Czech legal system by introducing a totally new terminology. The paper deals with this new terminology which defines family businesses; this terminology is unfortunately different from the terminology having been used for many years. The new Civil Code introduces a new term "rodinný závod" which evokes "family race" instead of the intended term "family business" in Czech. The objective of the paper is to examine this new Civil Code by means of linguistic tools and to focus on the future problems which may occur due to the introduction of the new term. The paper combines different techniques of linguistic research and family business research. In the introduction, the authors deal with the definitions of the new terms and explain the importance of the research. Then an overview of legal conditions of family business in the Czech Republic is presented. In the central part, the problem under investigation is described and the results of the research is presented. In the conclusion, the authors summarize their new findings.

Social Media as a Marketing Communication Tool Used by Family Firms

“…Family businesses are understood worldwide as the largest driver of the economy, since 80% of all businesses in the world are in the hands of families (such as retail chain Wal-Mart and car maker Ford). Interest in family businesses is growing worldwide, as evidenced by the increasing use of the terms "family business" or "family company" in scientific articles (Hnátek and Hnátková, 2014). However, in Central Europe, family business is understood as the activity of small or at the most mid-sized enterprises.…”