Question

Heya user!

Write five merits of joint Hindu family?

Answer 1

Stability: The existence of the Joint Hindu Family firm does not come to an end by the death, insanity, or bankruptcy of any coparcener
.Management: The organisation, management, and control of the business is vested in the karta of the family. .
..Liability: ...
Membership: ...
Credit worthiness:

Answer 2

Hey user!

1. Easy to start: It is easy to start the joint Hindu family business because there is no need to complete any legal formalities for its establishment .


2.Secrecy: Under the joint Hindu family business all the facts remain confined to the karta therefore the other business competitor cannot get any information.

3.Prompt decisions: The karta of the joint Hindu family business he can take promp decision which are essential for the success of the business.

4. Direct contact with customer: The karta of the joint Hindu family business comes in direct contact with his customers.Therefore, he has a complete information about the liking attitude and fashion Of his Customer.This help him in planning for his business.

5.Advantage of inheritable quality : The joint Hindu family business is handed over by one generation to other and the member of the family continue to maintain the old ideal tradition of the family.