Bank account for sole proprietorship

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2015 Dear Experts,

Can individual use their bank account for sole proprietorship business or not

If not how we can open current account for sole proprietorship.


26 November 2015 If it is a current account use it. You approach the bank they will open a current account for your business.

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2015 Yes Sir, I have my salary account.

26 November 2015 If it is a few business transactions carried out through savings account there is no need of another account.
For more business transactions open a current ac.


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