Family businesses represent the largest percentage of businesses operating worldwide. In the North American economy family businesses employ millions of employees and generate more than a trillion dollars of sales each year. From the perspective of shareholders in a family business, what is an advantage of this kind of company? Also, identify potential disadvantages for shareholders in a family business.

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The Answer of Family businesses represent the largest percentage of businesses operating worldwide. In the North American economy family businesses employ millions of employees and generate more than a trillion dollars of sales each year. From the perspective of shareholders in a family business, what is an advantage of this kind of company? Also, identify potential disadvantages for shareholders in a family business.

Family Businesses Represent the Largest Percentage of Businesses Operating Worldwide