family-owned businesses
Kinship-run companies
Family-owned businesses are companies controlled by members of a single family, often across generations.
The term emphasizes continuity and personal investment: Many family-owned businesses struggle with succession planning.
These range from corner shops to multinational corporations.
The plural form typically describes the category collectively: Family-owned businesses account for most private employment.
- shareholdersOwners of company stock
- estate planningPreparing asset distribution posthumously
- passing the torchTransferring responsibility to another
- traditionCustom passed through generations
- inheritanceProperty received from ancestors
board of directors · local economy · founder · CEO · private company · mentorship · equity · sole proprietorship · partnership · mom and pop · legacy · interpersonal relationships · trust-building · conflict resolution · succession planning · next generation · hometown · Main Street
family-owned businessespublic companies
Firms with tradeable ownership stakes
multinational corporations · megacorporations · worker cooperatives · conglomerates · big business
family-owned businessesnonprofit organizations
Groups without profit motive
charitable organizations · social enterprises · NGOs · cooperatives · government agencies