Brief Discussion on One Person Company Advantages in India!

The one person company form of business involves the ownership of only one person and that person himself is the shareholder and director. This form of business requires very less capital investment and the profit earned is completely of the owner. This company type was introduced under the Company Act, 2013 for helping the small businessmen and entrepreneurs. 

Advantages

OPC registration has numerous advantages over other small company types, which makes it a feasible option for new business owners. Some of the one person company advantages are provided below:

• The OPC registration provides a separate legal identity to the company. It can have succession and can get funding or loans as an individual person.
• This form of company has limited liability. Hence, in situation of loss the person assets of the owner will not be forfeited. It also states that the responsibility of the owner is only upto the shares he has in the company.
• The OPC has a direct contract with the shareholders or directors. Hence, with numerous remunerations for the director, the company can avail tax benefits.
• Under the OPC registration, the company owner comprises the power to make all decisions and executing them. This makes the work faster and assists in business growth.
• OPC is a popular form of business and large organization prefer to deal with them. Hence the company obtains a corporate status in society and a structured way of working.

Thus, as stated above there are multiple advantages of one person company registration in India. The business owners can take assistance of legal firms for swift and flawless application, which would accelerate the process of receiving certification.

Company Registration In India

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