Exempt private company or also family business an enterprise is called, if it is completely or almost completely in the possession of an individual person or a family. The term exempt private company makes thereby no statements the size of company or the legal form and is not not clearly defined. Generally under it enterprises of each legal form or size, which under family influence, fall.

Most exempt private companies are with the Kleinstunternehmen or in the middle class. With these enterprises often also the management is exercised by that or the business owners.

Germany

Exempt private companies are far common in Germany: Approx. 80 per cent in Germany of the residents of enterprises as exempt private companies are led. They contribute with a portion of 53 per cent to the gross value creation of all enterprises and place 68 per cent of the jobs.

Europe

European Union far above all the agrarian enterprises are considered as exempt private companies; in this industry only 3% legal unincorporated firms are to be found.

Multi-generation exempt private company

The successful line of large enterprises presupposes corresponding training and abilities, which are essential in the founder generation with the entrepreneur. In the following generations sooner or later a stress ratio between the gifts develops for that inheriting, their interests and the requirements of a successful management.

Literature

• Simon, Fritz B., wow, Rudolf and Groth, Torsten: Multi-generation exempt private company. Heidelberg: Carl Auer 2005, ISBN 3-89670-481-8
• Steel, William: The elite cycle in the entrepreneur shank. Frankfurt/Main: Harri German 1973

Related links

• German society for exempt private companies
• Wittener Institut for exempt private companies

Articles in category "Exempt private company"

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