I have a question here can a SOLE proprietor use money form his firm for personal use?
Legally there is no difference between a sole proprietorship business and the proprietor, they can have the same PAN, they’ve unlimited liability. Infact there is no registration as such, and he doesn’t even need a seperate current account. He can use his personal account to do business (Needs current account if he wants GST registration). Sole propreitorship does not have a seprate legal existence like company. There is no seperate entity concept here.
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