Family Business

(redirected from Family company)
Also found in: Dictionary, Thesaurus.
Related to Family company: family business

Family Business

A company in which one person or a group of related persons is the controlling shareholder. The term connotes a small business, but some family businesses are large, publicly-traded corporations. In the latter case, family members often serve on the board of directors and may appoint some of their number to major executive positions.
References in periodicals archive ?
As an independent family company, customers can be confident they will be given honest and reliable advice, a first-class customer service, high-quality products and low, competitive prices.
It was an amicable break with just myself and cousin Jill as directors," says Mr Collier, who had 25 years' involvement the family company.
82, decided to shut the family company down after his fourth spine operation and in the face of disastrous business levels, and son Robert A.
Areas to be considered in passing on the family company include: # Choosing the right successor for key management; # The children may have the right skills but may be hesitant about joining the family business; # Fairness is a key issue for most families; for example, do you give equal shares to the children not working in the business?
Avtex Avtex, a Pohlad Family Company, is a provider of customer experience solutions that enable businesses to optimize interactions with their customers, employees, partners and prospects through communication and collaboration technologies.
Today, the company launched the next generation of its iconic "A Family Company" advertising, which aims to demonstrate this commitment and show that as a family company, SC Johnson cares as only a family company can.
Expansions plans at a family company will result in nearly 50 new jobs for the local people.
Riverford is a family company delivering boxes of fresh seasonal produce to households across the country through its network of sister farms.
Every purchase of Fairly Traded coffee from Rogers Estate Coffees - the UK subsidiary of the Rogers Family Company - supports the groundbreaking "Coffee Community Aid" program.
As president and head of business development at MKDA (Milo Kleinberg Design Associates), Kleinberg has spent the past 28 years working side-by-side with his brother and father to help the family company grow from $15 million to more than $75 million in project valuations.
The family company, based in Outwell near Cambridge, plans to target first the independent trade and then the multiples after landing a partnership with Worrall Thompson.
The deal will see the 100-year-old family company supply ice cream to the Fenwick Food Hall in Newcastle and four Asda supermarkets in the area.