The Institute for Family-Owned Business is a nonprofit organization dedicated to the success of family-owned businesses in the state of Maine.
We provide support for your Family-Owned Business
How we do it!
The Institute for Family-Owned Business (IFOB) is a non-profit 501 (c) 3 organization committed to supporting, strengthening and empowering family-owned businesses throughout the state of Maine. The IFOB serves family business owners, executives and employees through a wide range of continuing business education programs, networking opportunities and consulting services. The Institute is a comprehensive resource for family-owned business.
Our definition of a family-owned business
A family business is a business wherein one owner either shares ownership or works in the business with at least one other family member (contemporaneously or overtime) and has a commitment to the continuation of the enterprise.