Nairobi, Feb. 1 -- Family-owned businesses make up a large percentage of Kenyan enterprises. The definition of a family-owned business is not dependent on size. This means it can range from micro-enterprises to large corporations.

What makes it a family-owned business is the familial relationships. There is no globally accepted definition of family-owned businesses, however, one publication defines it as any business that is owned, managed or controlled by two or more family members. The defining line is that the majority ownership or control is with two or more family members.

Here are some examples of family-owned businesses. A business owned by spouses, parents and children, siblings, cousins or in-laws.

An enterprise whose ownershi...