Definitions

BUSINESS FAMILIES


A family is a business family if:

  • a group of people are related to each other and their development is shaped by a business or association of businesses that is owned by one or more family members,
  • this group, or its members, are concerned with the question of how that ownership can be passed on within the family association.

It does not matter which form the solution they find takes (tribal association, ‘crown-prince’ arrangement, extended family organisation.

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