Bank A/c

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Kumar

Accountant

224 Points Joined August 2008

I am going to start a proprietorship business; I would like to know that should I open Bank A/c on the name of Proprietorship concern or on the name of Proprietor/individual name. Please suggest me.

Replies (1)

Guest

It is suggested to open Bank a/c on the name of Proprietorship Business instead of Individual / Proprietors name.

Most of the customers / clients trust companies or business but not the individual person, and they will pay clients only by business name. (In some cases in the Individuals name, depends upon client and also situations).