Ninety percent of businesses in the United States are family-owned and managed and account for 62 percent of total U.S. employment.

Name: Ninety percent of businesses in the United States are family-owned and managed and account for 62 percent of total U.S. employment.
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This statement is true. According to the Family Business Alliance, approximately 90 percent of businesses in the United States are family-owned and managed, and these businesses account for 62 percent of total U.S. employment.

Ninety Percent of Businesses in the United States Are Family-Owned