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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
When he went to prison, he was running a crime family business as the godfather.
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.
The Kingsdown-based family business is providing the ale at its hostelries across Wiltshire, Gloucestershire, Oxfordshire and Berkshire.
William believes that the stability of the family business is dependent on what goes on further down the food chain.
In 1969 he joined the family business, but in 1996 the group was subject to a hostile takeover and he was ousted from the board.

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