Definition of family business in English:

family business

(also family firm)

noun

  • A business that is owned or run by members of a single family.

    ‘he took over the family business after his father's death’
    • ‘He may simply have helped his father with the family business.’
    • ‘Neither of us were ever pressured to join the family business.’
    • ‘The members of many family businesses would get along much better if they had a written lease.’
    • ‘Most heads of family businesses know the possible pitfalls ahead but few act in anticipation.’
    • ‘John Chester offers advice to other family business owners.’
    • ‘In the 1930s August was joined in the family firm by his sons Erich and Helmut.’
    • ‘Oncken died in 1988, but his son Bill has carried on the family business.’
    • ‘In fact, the only son interested in taking part in the family business is 14-year-old Alain.’
    • ‘The question now is whether Bill has the abilities needed to save the family firm.’
    • ‘In 1844, on his father's death, he left to run the family business but returned to his studies in 1846.’