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.
References in periodicals archive ?
We have been certified ahead of many national and international names in the jewellery industry, which for a family company like ours, gives us considerable pride and pleasure.
Rogers Family Company, a US-based gourmet coffee company, has launched an updated website.
BENCHMARK Devinda 'Bunty' Malhotra has opened the first of 16 planned luxury care homes, to be run by his family company DAV Development
The family company is probably the oldest form of business but has only been the subject of study since the 1950s.
KILLER Jeremy Bamber cannot claim thousands from a family company, a judge ruled yesterday.
We feel we have been treated with disregard by a family company whose success has been partly based on our loyalty and commitment.
For more than 50 years, the family company Sennebogen has designed, built, sold and serviced equipment to serve heavy industry in Europe.
Lisa Henson, who with her brother Brian co-chairs the family company and is its co-chief executive officer, said that their father, Jim Henson, had ursued extensive discussions with Disney officials in the months before his death in 1990.
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?
Chef America, a family company founded in 1977, employs 1,700 people.
In this study, the scale of unquoted family company activity in the United Kingdom is measured with regard to several family firm definitions.