One Person Company registration in India has become an ideal for the entrepreneur, who has alone started an organization. It is a registered firm which has a single shareholder.
One Person Company (OPC) Registration was introduced as a well-built enhancement over the sole proprietorship, and hence, it has become much more popular.
Now the question is: Is it beneficial to register a one person company
Yes, Following are the reasons for same :
- Only a single member is required
- Easy to startup and prolong comparatively
3. Uninfluenced by the change in proprietorship
4. Utmost compliances
- Literally, can act as a stockbroker
- Easily bound the liabilities of members.
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