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Family-owned and operated businesses account for nearly 90% of US businesses--some 5.5 million such entities, they account for 75-85% of our GNP, and about one-third are headed by women. From Wal-Mart, Ford, and Mars Chocolate to local companies such as Vent-a-Hood, Frank Kent Motors, Hunt Oil, and Prestige Maintenance USA--all are family-owned businesses that continue to impact our economy and our community. Family business have unique characteristics, advantages, pitfalls, and composition as compared to publically-held companies. In particular, family businesses must keep at their forefront
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