Explanation:

Joint Hindu family business is a business owned and carried on by the Members of a Hindu Undivided Family, which is governed by the Hindu Law.  Karta, the oldest male member of the family controls the business. The strong points of joint Hindu family business include effective control, stability in existence, limited liability and increased loyalty among family Members. But this form of organization suffers from certain limitations such as limited resources, lack of incentives, dominance of the karta and limited managerial ability. The liability of all members except the karta is limited to their share of co-parcenery property of the business. The karta, however, has unlimited liability.