A One Person Company (OPC) is a unique business entity introduced by the Companies Act, 2013, that allows a single individual to establish and manage a corporate structure with limited liability protection. This innovative concept enables entrepreneurs to operate a business with the benefits of a company while maintaining complete control and ownership
The key features of an OPC include limited liability protection, where the personal assets of the owner are safeguarded from business risks. Unlike traditional business structures, an OPC can be formed by a single person who is an Indian citizen and a non-minor. The company enjoys a separate legal identity, perpetual succession, and offers the flexibility of having only one director and one shareholder
An OPC provides significant advantages for small entrepreneurs and professionals seeking to formalize their business. It eliminates the previous requirement of multiple members for company registration, making it easier for solo entrepreneurs to start their ventures. The owner must also nominate a nominee who can take over the company in case of the original owner’s demise, ensuring business continuity and providing an additional layer of security for the enterprise
In this step, the client will be advised about other forms of business and the suitability of OPC for their nature of business.
Application for name approval will be submitted to MCA, with the first two names and on rejection, another two names will be submitted.
A digital signature certificate is applied for the OPC director after name approval.
Documents such as rental agreements, and other documents required for company registration will be provided to the client.
Signed documents along with an online application for company registration will be submitted to the registrar of companies
Brief information about regular periodical compliance will be provided to the client
Tax expertise involves specialized knowledge in tax law and accounting, helping clients minimize liabilities while ensuring compliance. Tax advisors, including CPAs and attorneys, offer tailored strategies for individuals and businesses to navigate complex tax situations effectively.
Cost efficiency refers to the ability to minimize costs while maximizing output and quality. It involves optimizing resources to achieve the best results without unnecessary expenditures, enabling businesses to enhance profitability and competitiveness.
It's being fully prepared for an audit, ensuring accurate financial records and compliance with relevant standards. It involves maintaining organized documentation, implementing internal controls, and conducting assessments to identify gaps before the audit occurs.
Register Mitra can significantly save time by streamlining processes and providing instant access to services. It simplifies application submissions, offers quick updates, and enhances efficiency in managing tasks, allowing users to focus on core activities.
