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help( sole trader)

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rpsarangi
Member of Standing
Posts: 445
Joined: Tue Sep 14, 2010 1:05 am
Location: U.K

help( sole trader)

Post by rpsarangi » Sat Sep 18, 2010 8:55 pm

Hi all ..can you please answer my query

I am operating as a sole trader..so i dont have a business bank account and i am using my personal bank account , i am sending my application next week.

do we need business bank account for sole trader??

according to my understand from the guidelines..i think its ok for a sole trader to operate in personal bank account..

please comment..
thanks

alifaroo
Newbie
Posts: 35
Joined: Wed May 26, 2010 1:42 am

Re: help( sole trader)

Post by alifaroo » Sun Sep 19, 2010 3:56 pm

rpsarangi wrote:Hi all ..can you please answer my query

I am operating as a sole trader..so i dont have a business bank account and i am using my personal bank account , i am sending my application next week.

do we need business bank account for sole trader??

according to my understand from the guidelines..i think its ok for a sole trader to operate in personal bank account..

please comment..
thanks
it wont be a problem,,, but make sure you provide 2 documents stated in paragraph 142 to prove your self employment.

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