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- DictionaryFamily business
noun
- 1. a business that is owned or run by members of a single family: "he took over the family business after his father's death"
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- Family business
Company that is significantly influenced by a family
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by blood or marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals. They are closely identified with the firm through leadership or ownership. Wikipedia
