There is no one definition of a family business that anyone can agree on. Trying to focus on share ownership, or management composition alone seems to miss the point. Many academics from around the globe have tried a number of times to agree on a definition, but to no avail. The only thing they can agree on is that there is no one definition.
The Family Business is a privately-held company -- a KPMG Enterprise client. Family Businesses might be described as those businesses in which at least one of the following conditions apply:
Family businesses have unique challenges that aren’t always shared by other companies. Our Family business blog offers a place to connect and engage with KPMG advisers and peers to share experiences and conversations around articles relevant to your business.
Report reveals the ‘changing face’ of European family businesses...
Family businesses, like other companies, are often in search of financing to propel growth.
The Family Business Assessment is an online diagnostic tool that evaluates key issues and company capabilities family businesses face. The diagnostic explores the following 7 areas -Succession & Next Generation, Governance, Growth, Assurance, Exit Strategies, Wealth Preservation and Philanthropy, a report is generated that allows you to compare the results .It can be answered by one or several family members, and or not, non-family executives. Please contact firstname.lastname@example.org to request access to the diagnostic.