A One Person Company (OPC) is a type of business organisation that combines the benefits of a sole proprietorship and a company. Finding the ideal co-partner or co-partners to launch a business as a registered entity is thus made easier.
The unstructured proprietorship business is being transformed into a structured private firm by one person companies. One Person Company is paving the way for startups and sole proprietors.
The OPC (One Person Company) may be established by an individual for any legitimate purpose, in accordance with Section 3(1)(c) of the Companies Act, 2013. According to Section 2(62), a “One Person Company” is a business with just one member.
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