What's the difference between a family company and an ordinary company?

Family company, that is, the relatives of the boss stare at the employees of the company. Ordinary companies use rules to manage employees. Family company, the management is not standardized, the company always stresses affection and face, and the boss of ordinary companies, even private enterprises, basically won't let their families interfere in the company affairs. Most of them will hire professional managers to manage the company, and the rules and regulations are perfect.

The difference between family companies and ordinary companies

Ordinary companies, also known as wholly-owned companies or individual companies, are wholly-owned companies, and their entire production and operation activities may be decided by one person and be responsible for their own profits and losses. Family companies are also family companies, equivalent to joint ventures or joint-stock companies. Although they are family companies, they are independent natural persons. The company has a decision-making layer and an executive layer, and one person cannot make the final decision.

Family company refers to a family that controls many enterprises through sole proprietorship, joint venture and holding, and forms a family-centered company. The existence of the company is centered on family interests. Therefore, the form of a company is usually a limited liability company, and its business activities are not open.