New Branch opening under sole propietorship in the same city
This query is : Resolved
10 July 2021
Sir,
I have a sole proprietor trading firm in my town. Would like to start another branch with a different name but with the same owner. Is this possible and will there be inspection of office etc.,
As such, I have a desk space only for my trading activities as all my dealings are done in my laptop.
No physical stock of any material. Merchant trading only I do.
I want to have a second name and a new bank account in this new name.,
Is this possible and what are the procedures
I have a sole proprietor trading firm in my town. Would like to start another branch with a different name but with the same owner. Is this possible and will there be inspection of office etc.,
As such, I have a desk space only for my trading activities as all my dealings are done in my laptop.
No physical stock of any material. Merchant trading only I do.
I want to have a second name and a new bank account in this new name.,
Is this possible and what are the procedures
CA R SEETHARAMAN
(Expert)
10 July 2021
Yes, possible. Register as another business vertical with the same PAN.
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