Question

What are the Aims and objectives of joint Hindu family businesses?

Answer 1

heyaa,,,
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¤ A joint family or an undivided family is an extended family arrangement that prevails throughout the Indian subcontinent particularly in India which consists of many generations living in the same household, all linked by the common relationship.

¤ Objectives of joint hindu family;
1. Maximization of benefits
2. Effective operation of the family business
3. Without sharing the family business with external parties and using the profits of the family business for the welfare of the family in particular
4. All members had the opportunity to carry out commercial activity
5. All decisions are made by the oldest male member, it is possible to make decisions quickly.
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Answer 2

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1 to earn maximize profits.

2 to effectively running of family business.

3 to save tax.

4 to get the opportunity to all the members to conduct the business activity.

5 to keep the property undivided to keep help within the family.

6 they know how to let go and how to adjust in a group.

7 generally in this the all decisions are taken by most senior male member . Decision is quick in this type of business.

8 without sharing the family business to external parties and using the family business profit for the well being of the particular family.

9 these types business are popular in Punjab , harayana , relatively all India (except Bengal)

10 in this type of business
"karta" is a main person