Family Business

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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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family-owned companies have generated a cumulative return of 126 percent, outperforming the MSCI AC World index by 55 percent or an annual average of 3.
The next generation of leaders of family-owned companies says they are well prepared to anticipate disruption.
in 1944, eventually becoming Charmer Sunbelt through a series of name changes and mergers (the distributor recently announced a merger with Wirtz Beverages, another family-owned company, which would create one of the largest beverage alcohol wholesalers in the U.
Stock market listings of family-owned businesses in the GCC that have certain legal corporate structures are rare, given the possible existence of dual-class shares or side agreements that may not be enforceable in court.
But, according to the Small Business Administration, nine out of 10 businesses in this country are family-owned and they represent almost two-thirds of total U.
The findings are significant because approximately 80 per cent of non-oil GDP within the Middle East region is accounted for by family-owned business groups.
The Arab region is enriched with countless family-owned businesses that slowly transformed from small trading firms in the early 60s and 70s into regional and global conglomerates, it said.
If running a family-owned and operated institution these days is "rocket science," Hank Herzing is the perfect match.
Klondyke chairman Bob Gault said: "We are very pleased to acquire Holland Arms, which has been a wellrun family-owned business for over 50 years.
FAMILY-OWNED COMPANIES tend to be better run than other firms--except when they are run by the eldest son.
Caption: For the first time in Kerley Ink's 75-year history, three generations of this family-owned business reported simultaneously to work today.
The AICPA has requested guidance on the estate, gift and generation-skipping transfer tax consequences of using a family-owned private trust company (PTC) as the trustee of a family trust.

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