Investment and Trading as Individual or Firm..?

Hi All Club Mates,

After getting experience in share trading and small invesment, currently I am planning to start investing and trading on large within next couple of months.

I am thinking to put in money on multiple options like: long term in shares, also mutual funds; would also involve in Trading in equities, etc.

Now my concern is, would it be good idea to just get a demat/trading account in my personal name or use a firm name to operate. I was thinking to start with a firm name. But, is there any problem in operating as proprietorship?

Secondly, is there any tax benefit in operating as proprietorship firm (just in Investment & Trading purpose).

Thanks in Advance,

Regards,

Jayesh