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Advantages of One Person Company Registration

 Advantages of One Person Company Registration

Advantages of One Person Company Registration

One person company was a recent introduction made by the Companies Act, 2013. An OPC company is defined as a company that has only one person as to its a member. Such companies usually have only one founder/promoter of the business.

Take a look at the advantages of the various benefits that await you when you get your OPC registration done in INDIA:

  • OPC being a separate legal entity gives the entrepreneur the freedom to work along with his ideas.
  • Raising funds for an OPC is easy. A one-person company can raise funds through venture capital, financial institutions, angel investors, etc
  • Setting up an OPC requires very few ROC filings
  • Conducting Annual General Meeting and other compliances do not apply to One Person Companies
  • OPC registration will give your business social recognition and a legal structure.
  • Person Companies are easily manageable
  • An individual can run his OPC without suffering from the loss of personal assets.
  • A one-person company is easy to sell as the documentation and cost required are less.
  • OPC's existence will go forever and its existence will not be affected by the death of shareholders, directors, or the transfer of shares to others.
  • One Person Companies enable small entrepreneurs to set up a company by allowing the shareholders to directly access the target market and avail of credit facilities, and bank loans rather than being forced to share their profits with middlemen.
  • Letters ‘OPC’ to be suffixed with the name of OPC to distinguish it from other companies.
  • OPC ends with the name ‘OPC Private Limited’.

CONCLUSION

With a business structure like OPC, entrepreneurs can work with a corporate framework by following a sole proprietorship firm. When you choose to register your firm as a one-person company, you can take advantage of the above-mentioned benefits of a one-person company. 

Read through a few of the one-person company features.

Contact information:

You can always talk to our experts regarding the nature of your business and we’ll recommend the registration that will best suit your business. Call us today to get a FREE consultation. 

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