One Person Company Registration
The idea of One Person Company (OPC) was introduced to give a boost to entrepreneurs who have great potential to start their own venture by allowing them to create a single person company. Since, no intervention from any third party is seen, it makes it more beneficial. So, if you want to start up your own business, you don’t have to worry about all the complex and tedious processes. One Person Company are helping tremendously in increasing the overall economy of India. More and more Entrepreneurs are coming up and setting up their business. Since, no intervention from any third party is seen, it makes it more beneficial. Since, no intervention from any third party is seen, it makes it more beneficial.
REGISTER OPC BECAUSE
Only one member is required.
Unaffected by death of member or change in ownership.
Easy to set up and maintain comparatively.
Limits the liabilities of its members
Can act as Stockbroker or Sub-broker
Not many compliances
ADVANTAGES OF REGISTRATION ONE PERSON COMPANY
Best suitable for businesses with single promoter willing to step into Corporate World Liability of the owner is limited to the extent of capital Appointment of Nominee for enjoying Uninterrupted Existence of the companyCentralized registration and Transparency in transactions
Higher flexibility and less compliance requirements compared to Private Company
Separation of management and ownership is also possible in OPC
Hire Managerial Personnel without affecting share in ownership
Ease in Raising capital from Financial Institutions
Ease of Operations and administration
Higher Creditability from other organizations alike Private Company