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COMPANY FORMATION
One Person Company
A One Person Company (OPC) is a unique business structure introduced in India under the Companies Act, 2013. It allows a single entrepreneur to own and manage a company while enjoying the benefits of limited liability protection. OPCs are ideal for individuals who want to run a business with full control while keeping personal assets separate from business liabilities. This structure provides a stepping stone for small businesses and entrepreneurs to scale their operations while benefiting from corporate legal status.
Benefits of One Person Company (OPC)
1.Limited Liability Protection: The personal assets of the owner are safeguarded against business liabilities.
2.Full Control: The single owner has complete control over the company’s decisions and management.
3.Separate Legal Entity: OPC is a distinct legal entity, offering continuity beyond the involvement of the individual owner.
4.Tax Benefits: OPCs enjoy various tax benefits and deductions that are not available to sole proprietorships.
5.Conversion to Other Business Structures: OPCs can be easily converted into Private Limited Companies as the business grows.
Who Should Opt for One Person Company Registration?
1.Solo Entrepreneurs Start and Manage Your Own Company with Full Control
OPCs are ideal for individual entrepreneurs who want to own and operate a business independently. By registering as an OPC, you can enjoy the benefits of limited liability protection, which safeguards your personal assets from business risks, while retaining full control over decision-making.
2. Small Business Owners Scale Your Business with Corporate Legal Status
Small business owners looking to expand their operations while enjoying the advantages of corporate legal status can benefit from registering as an OPC. This structure allows you to manage your business independently while accessing tax benefits and increased credibility with clients and investors.
3. Freelancers and Consultants Establish a Formal Business Entity for Your Services
Freelancers, consultants, and independent professionals can register an OPC to formalize their business operations. By creating a separate legal entity, you can limit personal liability and benefit from a structured approach to managing your work, invoicing clients, and filing taxes.
4. Innovators and Startups Begin Your Entrepreneurial Journey with Minimal Risk
OPC registration is ideal for innovators and startup founders who wish to explore new business ideas without the risk of losing personal assets. With limited liability protection and full ownership control, you can focus on growing your business and exploring opportunities for future expansion.
Our Process
1. Consultation and Requirement Analysis: We assess your business goals and help determine if OPC registration is the right choice for you.
2. Documentation and Filing: Manage all necessary paperwork and filings to officially register your One Person Company with the Registrar of Companies (ROC).
3. Compliance and Legal Support: Ensure your OPC adheres to all regulatory compliances, including annual filings and tax returns.
4. Growth and Transition Support: Provide guidance for future growth, including converting your OPC into a Private Limited Company as your business expands.
Comprehensive Services for You
Startup
Registrations
Compliance
Financial Services
Secretarial Services
ESOP (Employee Stock Ownership Plan)
Expand Your Business
Marketing Services
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Have questions? Ask us or find your answer here
To register an OPC, you need one director and one nominee who will take over the company in case of the owner’s incapacity or death. The director must be an Indian resident, and the company must have a registered office in India.
An OPC is owned and operated by a single individual, whereas a Private Limited Company requires a minimum of two directors and shareholders. OPCs are designed for small businesses, whereas Private Limited Companies are better suited for businesses seeking to grow or raise capital.
The OPC registration process typically takes 10-15 working days, depending on document submission and government approvals. This includes obtaining the Digital Signature Certificate (DSC), Director Identification Number (DIN), and Certificate of Incorporation.
Yes, an OPC can have more than one director. However, the company can only have one shareholder. The shareholder also acts as the company’s owner and must appoint a nominee during registration.
If an OPC exceeds the annual turnover threshold of INR 2 crores or the paid-up capital exceeds INR 50 lakhs, it must be mandatorily converted into a Private Limited Company. This allows for continued growth and scalability.
The nominee is an individual, usually a family member or trusted associate, who steps in to manage the company in case of the owner’s death or incapacity. The nominee must be an Indian resident and must consent to act as the nominee at the time of registration.
OPCs are required to file annual returns and financial statements with the Registrar of Companies (ROC). Additionally, OPCs must conduct at least one board meeting every six months, file income tax returns, and meet any other statutory compliance based on business activities.
Yes, an OPC can be voluntarily converted into a Private Limited Company if the business grows and meets the required financial thresholds. Conversion allows the company to expand by adding shareholders and raising capital from outside investors.