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Family Business

Key points

The EESC calls for:

  • an active strategy promoting best practices on family businesses among Member States to be implemented;
  • preparation of a legal framework on family businesses, which would include a commonly acceptable definition of a family business;
  • a family business category to be included in European statistics and national data on family business to be gathered in an effective way;
  • better regulation on the transfer of family businesses from one generation to the next;
  • the family organisational climate and innovation among family firms to be promoted;
  • education to be developed and research promoted in the area of family entrepreneurship;
  • family farms to be supported and cooperative-based entrepreneurship redeveloped;
  • tax deductions to be introduced on reinvested profits, and opportunities for family businesses to increase their capital without granting voting rights;
  • active cooperation at EU level with organisations representing family businesses.

Other relevant EESC opinions:

 

 For more information please contact the INT Section Secretariat