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Home > QFINANCE Dictionary > Definition of family business

Definition of

family business

Business

business owned and run by family a small or medium-sized enterprise that is controlled and operated by members of a family. It may be organized as a sole proprietorship, partnership, corporation, or limited liability company.

Recommended Further Reading (Term count)
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Definitions of ’family business’ and meaning of ’family business’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’family business’ and other financial terms with our online QFINANCE Financial Dictionary.

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