what do you mean by joint Hindu family business ? explain it's advantages
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Meaning of Joint Hindu Family Business
It refers to a form of business organization which is owned and carried on jointly by the members of the Hindu Undivided Family (HUF). It is also known as Hindu Undivided Family Business.
Merits of Joint Hindu Family business.
》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:
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