Zoe Hansen / Investopedia The term “immediate family” commonly applies to an individual’s closest family members; however, the term has legal meanings for government or company policies.

In April 2006, almost every member of the Richardson family was brutally murdered inside their home in Medicine Hat, Alberta, Canada. There was only one survivor in the family: 12-year-old Jasmine ...

SDI Productions / Getty Images A family limited liability company (LLC) is formed by family members to conduct business in states that allow LLCs. Members must be related by blood, adoption ...