a corporation that is entirely owned by the members of a single family
A business whose owners are all members of the same family.
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.
The numerical value of family business in Chaldean Numerology is: 1
The numerical value of family business in Pythagorean Numerology is: 3
Sample Sentences & Example Usage
This is a family business of five generations, i just am not believing that this is happening.
He's said he wants to create a family business. I think he must be keen for the other grandchildren to get involved.
I don't know if the fact it is a family business is a selling point ... (But) when you see how the big banks have behaved the past few years I believe that the model is stronger than ever.
Each elephant costs over $65,000 a year, per year, over all the years of their life, we're fortunate we're for profit. We do make a profit and we're a privately owned family business, and so we've made a decision we want to devote a lot of resources here.
Sonny Hey, whataya gonna do, nice college boy, eh Didn't want to get mixed up in the Family business, huh Now you wanna gun down a police captain. Why Because he slapped ya in the face a little bit Hah What do you think this is the Army, where you shoot 'em a mile away You've gotta get up close like this and bada-bing. you blow their brains all over your nice Ivy League suit.
Images & Illustrations of family business
Translations for family business
From our Multilingual Translation Dictionary
Get even more translations for family business »
Find a translation for the family business definition in other languages:
Select another language:
Discuss these family business definitions with the community:
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Use the citation below to add this definition to your bibliography:
"family business." Definitions.net. STANDS4 LLC, 2017. Web. 24 Jun 2017. <http://www.definitions.net/definition/family business>.