Comment on Account Opening Process - Corporate,Partnership Firm, & HUF

Priyank N commented on 27 Dec 2017, 06:35 AM

Dear Nitin,

Can I form a sole proprietorship firm and open an account with Zerodha under the prop firm name (of course using my personal pan card and aadhar and other documents)

The reason for doing so is I am currently involved in multiple small businesses and I am trying to give them each their individual identity.

XYZ Trading – For trading F&O in stock market
XYZ Solutions – My business consulting services
XYZ Poker – My online poker startup
XYZ Blockchain – Investments / Trading in Blockchain & Cryptocurrency

Having individual bank accounts for each helps me keep the funds separate for each business and activity.

If there is any other way to keep my multiple business activities separate for accounting purpose (same income tax file or different files does not matter to me) please suggest / guide me

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