Manjunath v s 324 Questions 2 Answers 0 Best Answers 291 Points View Profile0 Manjunath v s Asked: April 27, 20202020-04-27T11:28:05+05:30 2020-04-27T11:28:05+05:30In: CompanyCan family members form a company0 Can family members form a company ShareFacebook2 AnswersVotedOldestRecentCharu New Delhi, 602 Questions 2k Answers 4 Best Answers 2k Points View Profile Charu Added an answer on April 30, 2020 at 7:34 am Yes, off course! Why not? Family-owned businesses are among the oldest form of business organization. Farms were an early form of family business in which what we think of today as the private life and work life were intertwined. In urban settings it was once normal for a shopkeeper or doctor to live in the same building in which he or she worked and family members often helped with the business as needed.0Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppshrutiarora777 2 Questions 746 Answers 0 Best Answers 1k Points View Profile shrutiarora777 Added an answer on April 28, 2020 at 6:18 pm A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. … The family LLC is a popular way to protect the assets of a family business against claims by creditors, divide income among generations, and assist in estate planning. It is a type of closed corporation.0Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerLeave an answerCancel reply Featured image Select file Browse Save my name, email, and website in this browser for the next time I comment.