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Cost-effective efficiency and timeliness
T&C*Terms & Condition*
- Total payment may vary depending on government fees and the entity of the company.
- Downtime on the government portal may cause work delays.
- Documents should be appropriate as per the requirements.
- Documents must be provided in time to avoid delay.
Professional and experienced team
One Person Company (OPC)
OPC (One Person Company) is a legal structure allowing a single individual to establish a company, providing limited liability while maintaining sole ownership. It combines benefits of a private company with simplified compliance, making it an ideal choice for solo entrepreneurs and small businesses.
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A One Person Company Is A Company With A Single Member. It Was Introduced By The Companies Act, 2013. OPC Extends The Concept Of Limited Liability To A Company Run By A Single Person. It Is Similar In Respects To A Private Limited Company With Certain Differences Like Fewer Compliances And Relaxation Of Certain Restrictions. Thus, An OPC Is Subject To All The Provisions Of The Act Like A Private Limited Company Unless Expressly Excluded.
- This Is One Of The Most Important Question That Is Asked By Every Person Who Is Willing To Start A OPC In India.Through There Is No Restriction On Anybody To Form A Company In India, But Still, We Would Like To Discuss Some Special Cases:
- Existing Directors: Yes, They Can Open The OPC But If They Already Own One, Then Any Further OPC Is Not Allowed.
- Employees: Employees Are Generally Not Allowed By Their Employers To Form A Company And Be A Director. They May Hold Shares But Cannot Take Position As Director. If You Want To Open A Company, Then Check Your Employment Agreement And You May Also Seek Permission From The Respective Employer.
- Companies, Firms: As Per Companies, Act, 2013 Only Individual Can Form A OPC.
- Limited Liability Protection To Directors Personal Assets
- Better Image And Credibility In Market
- Complete Control Of The Company With A Single Owner
- Easy To Manage And Freedom From Compliances
- Easy To Sell OPC: OPC Company Is Easy To Sell, Very Less Documentation And Cost Is Involved In Selling A One Person Company.
- One Director Must Be A Indian Resident.
- Statutory Compliance Are High.
- Costing Is High As Compare To LLP/Firms.