HUF (Hindu Undivided Family)

Start Now

HUF (Hindu Undivided Family)

HUF or Hindu Undivided Family is that separate entity which can be created by family members, in which members are lineal ascendants and descendants. Only Hindus, Buddhists, Jains and Sikhs can open a HUF. All the services required for huf registration are provided by Go Company’s experts. We provide advice and incorporation services for various type of business.

Salient Features

  • Hindu Undivided Family or HUF comes under the existence of “Hindu Law”, so it cannot be created by any contract or agreement.
  • There is no compulsion for the registration of HUF organization as Hindu Undivided Family is the result of the Hindu Law.
  • Hindu Undivided Family have two type of members i.e. Karta, who is the senior most male member of the family who manages and controls the business and coparceners.
  • Every member in Hindu Undivided Family have equal rights to share the profits and losses in the business.

Pros

  • Hindu Undivided Family don’t come to end by death, insanity or bankruptcy of any coparceners.
  • The liabilities of all the members of HUF are limited to the extent of their shares in the ancestral property except the Karta.
  • When compared to Sole Proprietorship, the credit worthiness of the family business is more in HUF.

Cons

  • There is disproportionate relationship between the work and the reward in Hindu Undivided Family.
  • In HUF there is limitations of the management.
Compare HUF (Hindu Undivided Family)
with other entities

Process to Set up a HUF (Hindu Undivided Family)

Packages:

Select from the following packages :

  • For Basic
    • 1. Opening of bank ...
    • Rs. 3,999
  • For Standard
    • Basic +
    • 1. PAN
    • 2. Service Tax Regi...
    • Rs. 9,999
  • For Premium
    • Basic + Standard +
    • 1. First Year Annua...
    • Rs. 12,999

Request Package or Query