One Person Company

• What is an OPC?
  A One Person Company (OPC) is a business structure introduced under the Companies Act, 2013, designed specifically for solo entrepreneurs. It combines the benefits of a sole proprietorship with the features of a corporate entity.

• Key Features of OPC:

  • Single individual acts as both the shareholder and director.
  • Provides limited liability protection, safeguarding personal assets from business liabilities.
  • Separate legal entity distinct from the owner, enhancing credibility.
  • Easy decision-making due to the absence of multiple stakeholders.

• Benefits of OPC in India:

  • Simplified compliance requirements, such as exemption from Annual General Meetings (AGMs).
  • Eligibility for tax benefits and access to government schemes.
  • Easier to raise loans and attract investors due to corporate status.
  • Facilitates scalability by allowing conversion into a private or public limited company.

• Who Can Benefit from an OPC?

  • Freelancers, consultants, and professionals seeking a formal business structure.
  • Small-scale traders and startups looking for credibility and growth opportunities.
  • Entrepreneurs who wish to operate independently without partnerships or shareholders.

• Why Choose an OPC in India?

  • Combines simplicity with corporate advantages.
  • Reduces risk by offering limited liability.
  • Encourages individual entrepreneurs to formalize their businesses under a robust legal framework.