importance of Joint Hindu Family Business
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Importance of joint hindu family include..
1/ Secrecy - - - There is a lot of secrecy in jhf. bcx all the members in jhf are family members.
2/ formation - - - - The formation of this business is easy because there is no need to register this business in any act
3/ Mutual understanding - - The mutual understanding between the members in jhf is very good bcx they all knows about all who work in their business. As a result communication will be effective also.
4/ Limited liability - - A person who control all the business called karta.. The liability of his ia limited which is beneficial for the business.
5/ decision in one hand. - - In this business, karta is the only person to take decisions in the business. As a result no confusion is created with anyone to do anything..
1/ Secrecy - - - There is a lot of secrecy in jhf. bcx all the members in jhf are family members.
2/ formation - - - - The formation of this business is easy because there is no need to register this business in any act
3/ Mutual understanding - - The mutual understanding between the members in jhf is very good bcx they all knows about all who work in their business. As a result communication will be effective also.
4/ Limited liability - - A person who control all the business called karta.. The liability of his ia limited which is beneficial for the business.
5/ decision in one hand. - - In this business, karta is the only person to take decisions in the business. As a result no confusion is created with anyone to do anything..
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