Family-owned and operated businesses are a core pillar in both local communities and the economy. These businesses offer a range of benefits that give them an essential place in our lives. In fact, nearly 1 in 3 small businesses are family-owned, and account for 62% of employment in the United States.
Family-owned businesses also tend to form mutually beneficial relationships within their communities, which results in more investment back into these communities and brand loyalty with recurring customers for the business. Have you and your family considered owning a business? Neighborly Offers The Advantages Of A Family-Owned & Operated BusinessWhat is a Family-Owned Business?A family-owned business is a company that is owned and operated by two or more family members. The structure of a family-owned business can vary, as family members can take on different roles or responsibilities.
One common structure for family-owned businesses is to have …