The three main parts of any family enterprise are…

The three main parts of any family enterprise are family, owners, and management. Family is the family of affinity. Owners include all those who own title to family capital, whether they are individuals, boards of directors, or trustees and beneficiaries of family trusts. Management can include the managers of a family-owned or controlled business, financial managers of family assets, and the advisers to the managers, owners, and family members (such as atorneys and accountants).

— from Family & Parenting (Family/Parenting)

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