The aim of this book was to summarize the factual findings of the reality of family business in the period of the historically first intergenerational transfer of family businesses in the Czech Republic. Based on the evaluation of the theoretical basis of professional texts, information obtained from research survey, qualitative and quantitative research methods, from the search and evaluation of primary, secondary data and analysis of data obtained to identify important factors and relationships in family business. Then transfer the results and knowledge to a professional publication with a practical focus in the form of experience, recommendations, instructions, comparisons, subsequent generalizations. The secondary goal was to recommend further research directions.