The innovative concept of the One Person Company (OPC) was introduced through the Companies Act 2013. It provides a unique opportunity for entrepreneurs and micro-businesses that have aspirations but are limited by factors such as time, finances, or resources. OPC enables them to sidestep the requirement of having additional partners to execute their business plans. Essentially functioning as a form of sole proprietorship, an OPC has a single shareholder who also serves as its sole member. This structure is commonly utilized when a business has a solitary founder. OPCs offer advantages that traditional sole proprietorships lack, including a distinct legal identity, limited liability for shareholders, the application of income tax rates similar to Private Limited Companies, and obligatory adherence to company law regulations.
We understand your concerns and unique circumstances, and Sujata Associates is attuned to them. With an unwavering dedication to prioritizing customer concerns, we have maintained our operations even amidst the global disruptions caused by the COVID-19 pandemic. OPC provides you with a path to pursue your ambitions without the need to find partners. Our skilled professionals will expertly guide you through the registration process, ensuring a successful outcome.
