ONE PERSON COMPANY
One Person Company (OPC) is a Company registered with only ONE PERSON as its shareholder. It avails all the benefits of a private limited company such as separate legal entity & protecting personal assets from business liability.​
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ADVANTAGES
One Person Company
Safety Net - Liability of single shareholder is limited to the unpaid subscription money. Personal property is completely safe from creditors of business.
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Succession - Nominated by the shareholder, take over the reins of company in event of death or inability of said stakeholder. OPC have a continuous life.
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Easier Return Filing - Mandatory to get its accounts audited and file annual returns, the same can be easily done with the signature of the director, company secretary’s signature is not mandatory.
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Easy Credit Facilities - Legality & perpetual succession of this business makes popular among banks & financial institutions.