Proprietorship Business.

[AMIT JAIN, Advocate]

Respected Sir,

Can a person become a proprietor of two Proprietorship business. 

[YAGAY andSUN]

Under VAT laws, there is a provision to have only one Tax Identity Number, if any person (either individual or Company) do have more than one business in the particular State.

[Pradeep Jain]

Yes

AI Summary

Individuals Can Own Two Proprietorships, But Only One Tax Identity Number Per State Allowed Under VAT Laws. A query was raised about whether an individual can be the proprietor of two separate proprietorship businesses. One response clarified that under VAT laws, a person can have only one Tax Identity Number per state, regardless of the number of businesses they own. Another response simply affirmed that it is possible for an individual to be a proprietor of two businesses.