Proprietorship Firm Registration
As the Proprietorship Registration, individual and firm both are considered the same entity. Under the laws their accounts are also same. However, it is sometimes difficult to keep a check on individual expenses and income from the proprietorship firm’s income and expenses. So to ease the business, you can maintain a separate current bank account in name of registered business name i.e. which is your proprietorship firm.
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Proprietorship Firm Registration
As the Proprietorship Registration, individual and firm both are considered the same entity. Under the laws their accounts are also same. However, it is sometimes difficult to keep a check on individual expenses and income from the proprietorship firm’s income and expenses. So to ease the business, you can maintain a separate current bank account in name of registered business name i.e. which is your proprietorship firm.