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Table 1 Family Business Background Measures Characteristics of Business Owners, 1996

Percent of owners that had a self-employed family member prior to starting firm

All Firms 51.6%

Sample Size 37,740

Percent of owners that worked in that family member's business (conditional)

43.6%

36,575

Percent of owners that worked in a family member's business (unconditional)

22.5%

36,575

Percent of owners that worked at a business with similar goods/services

50.1%

37,238

Percent of owners that inherited their businesses

1.6%

37,619

Percent of owners that received their businesses as a transfer of ownership/gift

6.6%

37,619

Notes: (1) The sample includes businesses that are classified by the IRS as individidual proprietorships or self-employed persons, partnerships, and subchapter S corporporations, have sales of $500 or more, and have at least one owner who worked at least 12 weeks and 10 hours per week in the business. (2) All estimates are calculated using sample weights provided by the CBO.

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