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 ?
At the Family Enterprise Center our approach is to provide a safe and supportive environment for family businesses to explore these issues and potential solutions.
8220;These family businesses are great examples of how family and business mix well for the benefit of our communities,” said Joe Astrachan, executive director of the Cox Family Enterprise Center.
Though it produces more than half a million cases of wine a year, San Antonio is a true, down-to-earth, family enterprise with several of the Ribolis on hand daily.
But Mike Brown, a former Dartmouth quarterback and now president of the Cincinnati Bengals, is another businessman who did not encourage his daughter to join the family enterprise.
James, the oldest black-owned family enterprise in the country.
The award was given during the Western New York Family Enterprise Forum held in Buffalo, New York.
Welkin Farm was bought by John Postlethwaite in 1959 with his three sons expanding the family enterprise in recent years becoming leading potato growers and grain hauliers.
Barbara Dunn, Director of the Centre for Family Enterprise at Glasgow Caledonian University, has heard endless stories of problems as families negotiate their way through an ongoing business relationship.
A direct estate freeze can be accomplished with a lifetime gift to children or grandchildren of stock or a partnership interest in a family enterprise.
The contents range from a comparative overview of ownership in family firms to surveys of family enterprise in Japan, Korea, India, Britain, France, and Germany to narrower studies on the Sumitomo zaibatsu in Japan and the textile industry in the United States.