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Running a Family Business

Running a Family Business

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:

  • First and foremost, the family regards the business as a family business though family members need not be involved in the management of the company.
  • The headquarters of the business is based in Jordan.
  • The business may have more than one generation of the family involved in the business.        
  • The business owner, spouse, son, daughter, nephew, niece, uncle or in-law of the family may be working in the business.

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Family Business

Family Business Blog

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.


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 to request access to the diagnostic.