# Family-run business

- Canonical URL: https://www.gerhardmerk.de/family-run-business
- Post ID: 587548
- Modified: 2023-07-25T21:00:27+00:00
- Language: en

## Definition

In the ECB's statistics, a firm - mostly small businesses, freelancers, and agriculture, and then usually as a A businessman as defined in § 1 of the German Commercial Code (HGB) - in which the work is performed exclusively or predominantly by the owner of the business and his family. - Under German law, a banking business may not be operated in the legal form of a sole trader. In Germany, family businesses accounted for more than 2.3 million companies at the end of 2012, about seventy percent of all legal forms; their contribution to the national product was close to twelve percent. - The distinction from the family business is not clear in many publications. - See sole proprietorship, banking, private bank, private banker. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1