Business Family

Wordl_Business Family

 

The term business family is used when:

  • a group of people who are related to one another whose development is linked to a company or association of companies owned by an individual family member or several family members,
  • and if this group or parts of it are concerned with the issue of how this ownership is to be passed on within the family association.

The form of the association (tribal confederation, the so-called “crown prince solution”, extended family organisation) is immaterial.