what is joint hindu family business features and its advantages and disadvantage ?
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The Karta cannot take advantage of economies of large size due to limited finance. Unlimited Liability of Karta: The karta has power but he is burdened not only with the responsibility of decision making and management of the business, but also suffers from the disadvantage of having unlimited liability.
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1
Answer:
The Karta cannot take advantage of economies of large size due to limited finance. Unlimited Liability of Karta: The karta has power but he is burdened not only with the responsibility of decision making and management of the business, but also suffers from the disadvantage of having unlimited liability.
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