one person company
OPC or One person company is oneof the easiest forms of corporate entities to manage. OPC is a hybrid ofSole-Proprietorship and Corporate form of business. It has been provided withconcessions in compliance requirements under the Companies Act. It is a form ofa company where the compliance requirements are lesser than a private company.
OPC Registration opens up newbusiness opportunities for sole proprietors and entrepreneurs who also wish toenjoy the advantages of limited liability, and a separate legal entity as well.OPC does away the hassles of finding the right partner for starting a businessas the registered entity. It requires only one person who will act as a member,shareholder, and director.
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