FACTBOX: Family businesses in the United States
CHICAGO (Reuters) - Here are some facts about family businesses in the United States:
-- U.S. businesses that are family-controlled: 17 million to 22 million
-- Percent of family businesses that pass successfully to the second generation: 35 percent
-- Percent of family businesses that pass successfully to the third generation: 12 percent
-- Percent of family businesses that pass successfully to the fourth generation: 4 percent
-- U.S. work force employed with a family business: 80 percent
SOURCE: University of St. Thomas
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