Quick & Hassle-Free Registration
Enjoy Full Control & Ownership
Benefit from Limited Liability
Ideal for Solo Entrepreneurs
OPC (One Person Company) Registration is a new concept introduced under the Companies Act, 2013, which allows a single individual to start and run a business with limited liability. OPC provides the benefit of limited liability protection and gives sole ownership of the business to the entrepreneur. It is an ideal choice for those who want to establish a business but are hesitant to form a partnership or a private limited company.
The OPC structure is designed to encourage solo entrepreneurs and small businesses by offering a simplified registration process while providing the advantages of a company structure.
One Person Company (OPC) | Limited Liability Partnership (LLP) | Private Limited Company | |
---|---|---|---|
Number of Owners | 1 | 2 or more | 2-200 |
Liability | Limited to the capital | Limited to the capital | Limited to the capital |
Management | Sole decision-maker | Shared management | Shared management |
Compliance | Less Compliance | Moderate Compliance | High Compliance |
Taxation | Similar to Pvt Ltd | Taxed as a partnership | Corporate tax |
Ownership Transfer | Not easy | Transferable through partnership agreement | Transferable through shares |
Auditing Requirement | No, unless turnover exceeds Rs. 1 crore | Yes | Yes |
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