One Person Co. (OPC)
Description
What is One Person Co. (OPC)?
A-One Person Company Registration is an advanced idea for people who have entrepreneurial dreams or who wish to incorporate micro-businesses but also lack in resources, time as well as means to attract more partners to execute the business plan successfully.
However, the concept of OPC Registration is considered as a blend structure of the regular Private Limited Company and Sole Proprietorship. So, if you want to enjoy the best of two different worlds then OPC company is perfect for you.
A One Person Company is incorporated with a single person who is considered as the director as well as the owner of the company. This concept comes under the provision of the Companies Act, 2013.
An OPC is just like a sole proprietorship firm that is known for offering ultimate authority to a single person for running a business while confining his liabilities as well as responsibilities for the business. As per section 2 (62) of the Companies Act, 2013, a company with only one person as to its manager as well as a member will fall under the category of One Person Company.
You can take the help of BusinessBadhega.com who will not only make your OPC registration easy but also cost-effective at the same time.
One Person Company is known for opening up new business opportunities for sole proprietors as well as businesspersons who like to enjoy the benefits of separate legal entities as well as limited liability.
OPC registration is perfect for the businessperson who is eager to start a project alone. However, before stepping into the world of OPC company, you need to know about it in detail.
Requirements for OPC registration
- Needs only a single individual
- Business models like a company or an LLP cannot joint a one-person company
- The promoter should choose a contender at the time of company’s establishment
- The minimum authorized capital required is Rs. 1 lakh at least
- Minor is restricted from becoming a member of an OPC
- The annual turnover should not cross Rs.2 crore
- You should have paid-up share capital more than Rs.50 lakhs
- The requirement of at least one nominee and one director
Benefits of OPC Registratio
- A separate legal entity
- Easy funding
- Amazing opportunities and limited liability
- Builds credibility
- Least compliances
- Perpetual succession
So, form your OPC the company today with the help of BusinessBadhega.com.
Note:- Fee Plus Government Charges addon & as per actual