A family business is a company owned and operated by members of one or more families.
The company was founded in 1940 and operated until 1957.
The company was founded in 1992 and operated until 2006.
The company is owned and operated by the French government.
The company was founded in 1932 and operated until c. 1970.
The two companies were then operated together as a single entity.
We see that as the way to operate large companies.
Today the company is still owned and operated as a family business, now in the hands of the 3rd generation.
It also became a requirement within the Bell systems operating companies.
These companies are operated from either an engine or ladder company.