If you want to launch a business alone, you can register as one person company with only one person becoming director and shareholder under the companies act 2013 that has replaced the old companies act of 1956 that requires a business to have a minimum of two directors.
Is it for me?
The OPC registration online opens up a plethora of opportunities for the individual and professionals with the knowledge and skills required to run companies single handedly but were held back from realizing their full potential due to the legal requirement of finding partners.
Advantages of forming OPC
1. Easy funding- An OPC is allowed to raise funds through financial institutions, venture capitals and angel investors. Eventually a one-man-army can grow into a private limited company.
2. Small Scale Industries benefits- An OPC is considered a small scale industry hence entitled to all the benefits a SSI has. For example, business loans on easy interest rates are available; banks can give funding without security deposit and tax benefits.
3. A legal entity- An OPC is considered a separate legal entity allowed to function and accrue profit like any other company.
4. Reputation- A business that is run under the brand of an organization receives trust of the market.
If you are an entrepreneur and want to make profit by working as a professional, you can register as one person company to take your business idea a level up. It is easy and you will have multiple benefits in the form of fund raising and tax.
Search OPC registration online to know more about the process and get your company registered at the first instance. It is easy and you can make it easier with the help of a company lawyer.
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