what are the merits and demerits of joint hindu family?

Merits of a joint Hindu family business

1. Complete control by the karta enables proper administrative control and quick decision-
2. A joint Hindu family business enjoys continued business existence.
3. The liability of all the members or co-partners (except the karta) is limited to the extent
of their share in the family business.

Demerits of a joint Hindu family business

1. It enjoys limited resources to the extent of the ancestral property inherited by the members.
2. The karta has unlimited liability in the family business.
3. There exists dominance by the karta.

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