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 it’s a member. Such companies usually have only one founder/promoter of the business.
Take a look at the advantages from the various benefits that await you when you get your OPC registration done in INDIA:
- OPC being a separate legal entity gives the entrepreneur his 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 a social recognition and a legal structure.
- One 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 is less.
- OPC existence will go forever and its existence will not be affected by the death of shareholders, directors or 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 credit facilities, 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 one person company.
Read through a few of the one person company features.
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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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