I own a Sole Proprietorship. Can I open a Trading and Demat with Zerodha in the name of the Sole Proprietorship?
No, unfortunately, you will not be able to open a Trading and Demat in the name of the Sole Proprietorship. There is no concept of a trading and DEMAT account for a 'Sole Proprietorship' as it is not a separate legal entity like a partnership or corporation.
However, you can open a trading and demat account in the proprietors(individual) name, which can be done online with Zerodha here.
The bank account linked to this trading account can be in the name of the proprietorship based on confirmation by the respective bank.
If the bank statement contains the details of both the proprietorship and the proprietor, it is proof enough to link this bank account to the proprietor's trading account.
If the bank statement doesn't contain the details mentioned above, the client has to provide us with a confirmation letter from the respective bank. Click here for a sample confirmation letter format.