briefly explain the merits j h f business
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When a Joint Hindu Family (Hindu Undivided Family) conducts business inherited by it as per Hindu law, it is called Joint Hindu Family firm. ... It comes into existence as per Hindu law. Family members become co-parceners in the firm by virtue of their birth in the family.
Explanation:
Stability
Joint Hindu Family Business is more stable than other business. As it is a family business. So it is running forever even when the Karta is dead. new Karta will take the position of decided Karta.
effective control
Joint Hindu Family Business have Effective control. it is run by a family so there are fewer chances of conflict and disagreements. Karta of the family. take all the decision but the whole family agree with Karta.
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When a Joint Hindu Family (Hindu Undivided Family) conducts business inherited by it as per Hindu law, it is called Joint Hindu Family firm. ... It comes into existence as per Hindu law. Family members become co-parceners in the firm by virtue of their birth in the family.
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