start in 15 daysRs. 4499/-
One Person Company (OPC) is the only type of corporate entity that can be started and operated by a single promoter. Rather than traditional Proprietorship firm with which proprietor personal savings and property is at risk in case business not performs it is better to start OPC. In case of OPC promoter’s liability is limited. If the business incur losses personal assets of promoter of OPC are safe.
OPC helps startup entrepreneurs to test their business model and build marketable product. Upon building marketable product OPC promoter can approach venture capitalist/angel investor for funding and convert their OPC into private limited company.
OPC is easy to start and manage. It is easiest form of corporate entity with few ROC compliances. No need to conduct Annual General Meetings (AGM) like in case of Private Limited.
It is easy to transfer business by transferring shares of shareholder. With very less documentation and cost OPC can be transferred.
OPC can be formed by single person with complete control which leads to fast decision making and control. OPC can appoint as many as 15 directors for administrative purpose without giving any share to them.