what special features can be associated with karta in a joint hindu family business?
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Joint Hindu family business is one of the most ancient forms of businesses done only in India. This is a type of organization which is owned and operated by the members of a family only. A person only needs to be born in the family to be a part of the organization. As many as three generations of the same family can be involved in a Joint Hindu family business. The head of the family, usually the eldest person in the family, is the controlling member of the business, and all others exercise equal rights over ownership, as the Tata family for example. We have already told you How to Start a Family Business. Read on this OneHowTo.com article to know what are the features of a joint Hindu family business.
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