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What is a family business?

What is a family business? Here are some definitions.

Noun
  1. A business whose owners are all members of the same family.
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Examples
He had inherited a fortune from the family business of making drills for oil exploration, then dominated Hollywood as a film director.
When he went to prison, he was running a crime family business as the godfather.
William believes that the stability of the family business is dependent on what goes on further down the food chain.
A driver convicted of drink-driving in a minibus faces the ruin of his family business unless he wins a Crown Court appeal.
The fourth-generation family business, an unlimited company until three years ago, has been expanding by acquisition.
We are honoured and privileged to have been chosen, particularly as we are a small, family business.

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