One Person Company (OPC) registration is forward thinking concept where promotes the incorporation of micro-businesses and persons with entrepreneurial dreams but has no time, resources or means to get more partners to execute the business plan. It can be considered as the combo of Sole proprietorship business model and the normal company legal entity business model, where the OPC company would enjoy the best of two worlds. You can register one person company under the provisions of the companies Act 2013 and the rules thereto, where it was made possible for a single person company to act as a company without the complexity of having partners. Such encouraging more people to come forward to start business. In One Person Company the person has Limited Liability for the shares he hold in the company he/she incorporated while operating an incorporation given in this case there is only sole shareholder. The primary reason for choosing One person Company (OPC) registration is that the given person has a business idea that needs to be represented in a corporate format and the idea solely can carried out by the same person with limited resources they have. OPC company can have more than one directors, but the shareholder cannot be more than one, and also no person shall be allowed to incorporate more than 1 one person company. By incorporation of OPC, the company can enjoy the benefits in banking point of via just alike Private limited companies, One Person Companies are eligible for Banking loans, credits and enjoy the benefits of Limited liability company. At Unilex Consultants we provide you a hassle free one person company registration online process which would be dealt by our professionals within a time frame of 10 days and is subjective to governmental processing time. Our team takes care of the documents required for OPC registration and aids in provide you the realistic estimation of one person company registration cost.
Legal protection and a limited liability to the shareholders are the main reason why business registration seek online company registration route.
pvt ltd company registration would exist in succession fashion as the governmental body treats it as a separate entity in terms of law.
A One Person company scores better in terms of credibility as it falls under the central government directly unlike other mutual profit organizations.
As there are less legal Complexity involved in the One Person Company when compared to other registration methods, the person can concentrate more on the niche they belong to improve.
For a One Person Company it can represent itself in seeding rounds to get investment from the Angel Investors and Venture Capital firms just like how Private limited Company.
As you there is only one person to take actions and make the calls to what to implement and what not to, the turnaround time is much faster and the execution can be done soon too.
1-2 working days
2-3 working days
3-5 working days
|Sl. No.||Particulars||Private Limited||One Person||LLP|
|1||Eligibility||Any individual may form a PLC.||Only a natural person who is an Indian citizen and resident in India. shall be eligible to incorporate an OPC.||Any individual and body corporate may be a partner in LLP.|
|2||Taxation||Taxed at 30% plus surcharge and cess as applicable.||Taxed at 30% plus surcharge and cess as applicable.||Taxed at 30% plus surcharge and cess as applicable.|
|3||Closure/Dissolution/ Winding ups||Can be initiated- Voluntarily, or By the Tribunal||Can be initiated- Voluntarily, or By the Tribunal||Can be initiated- Voluntarily by the partners or; By the Tribunal|
|4||Existence or Survivability||PLC is not dependent on the directors or shareholder. Can be dissolved only voluntarily or by Regulatory Authorities.||Existence of an OPC is not dependent on the Director or Nominee Director. Could be dissolved only voluntarily or by Regulatory Authorities.||LLP can continue its existence irrespective of changes in partners.|
|6||Statutory Audit||Compulsory||Compulsory||If Contribution > Rs 25lacs or, Turnover > Rs. 40lacs|
|7||Minimum Requirement||Members-2 Directors-2||Member – 1 Director – 1 Nominee of Sole Member – 1||Designated Partners – 2|
|8||Fund Raising Options||High||Low||Low|
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