what are the advantages of a Joint Hindu Family Business?
Advantages of joint Hindu Family Business: 1) Ease of formation – A joint Hindu family business can be started and dissolved easily and quickily. 2) Unrestricted Membership – There and be any numbers of members in a joint Hindu Family business. 3) Freedom nation – The `Karta’ has complete control on the family business. He can take decisions quickly with out consulting other members. 4) Secrecy – the `Karta’ knows the secrets of business only. There is, therefore, no danger of trade secrets being disclosed to outsiders. 6) Limited liabilities – The liability of all the members except the karta is restricted to their share in the family property. Their risk is limited & unknown.
