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Family Business
(redirected from Family ownership)

    Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
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.
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The Ricketts family represents only the third Chicago Cubs ownership group in the last 90 years, 62 years of which were marked by family ownership.
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Among the company's hallmarks are our broad involvement in industry issues, an extensive network of industry relationships, technical expertise, and family ownership.
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