Definitions for family business

This page provides all possible meanings and translations of the word family business

Princeton's WordNet

  1. family business(noun)

    a corporation that is entirely owned by the members of a single family


  1. family business(Noun)

    A business whose owners are all members of the same family.


  1. Family business

    A family business is a business in which one or more members of one or more families have a significant ownership interest and significant commitments toward the business’ overall well-being. In some countries, many of the largest publicly listed firms are family-owned. A firm is said to be family-owned if a person is the controlling shareholder; that is, a person can garner enough shares to assure at least 20% of the voting rights and the highest percentage of voting rights in comparison to other shareholders. Some of the world's largest family-run-businesses are Walmart, Samsung Group, Tata Group and Foxconn. Family owned businesses account for over 30% of companies with sales over $1 billion.

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"family business." STANDS4 LLC, 2015. Web. 26 Nov. 2015. < business>.

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