Question

give the detailed features of joint hindu family buisness

Answer 1

Heya!!

★Answer★
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◆Features Of Joint Hindu Family Business◆

→The Advantage Of Joint Hindu Family Business Are Given Below :-

(a) Easy To Start:- It Is Very Easy To Start The Joint Hindu Family Business. No Legal Formalities Are Required To Be Faced Such As Registration. It Requires No Agreement.

(b) Efficient Management:- The Management Of Joint Hindu Family Business Is centralised In The Hands Of Head Of The Family. In This Business, Head Of The Family Takes All Decisions And Gets Them Implemented With The Help Of Other Member. 

(c) Secrecy :- In Joint Hindu Family Business, All The Decisions Are Taken By The Head Of The Family Himself. He Is In a Position To Keep All The Affairs To Himself And Maintains Perfect Secrecy In All Matters.

(d) Economy:- For The Success Of Any Business, Economy Is A Must. It Is Well Balanced And Maintained In Joint Hindu Family Business. The Head Of The Family Spends Money With Great Caution And Economy.

(e) Natural Love Between Members:- In Joint Hindu Family Business, It Is The Natural Love And Affection Which The Members Are Having For Each Other. It Helps To Run The Business More Efficiently And Smoothly.

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