One Person Company Registration

What Is One Person Company (OPC)?

One Person Company OPC Registration is suitable for STARTUPS who wish to work as a single owner.
An OPC offers all benefits of Private Limited Company but limits the number of shareholders to 1.
With registration, MyCorporation.in offers real-time updates, Compliance Support, FREE Accounting and Invoicing Software with FREE Legal Consultation.

What Is The Difference Between OPC & Sole Proprietorship?

One Person Company is a separate Legal entity with just one member. Unlike a private limited company which requires minimum 2 shareholders and 2 directors, an OPC can be formed with only one shareholder. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.

Advantages
One Person Company is a Private Limited Structure. It is Most popular Structure in the world. An individual can start its business without the restriction to have 2 directors in One Person Company.

Disadvantages
OPC is suitable only for small business. OPC can have maximum paid up share capital of Rs.50Lakh and turnover of Rs. 2 Crores otherwise OPC need to be converted into Private Limited Company.

Documents Required For One Person Company Registration

1 : Copy of Income Tax PAN (Permanent Account Number) of Main Director and Nominee Director.

2 : Copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of of Main Director and Nominee Director

3 : Latest passport size Photographs of Main Director and Nominee Director

4 : Registered Office Address Proof - Electricity Bill along with Rent Agreement / ownership proof of proposed registered office.

5 : Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of 1 Promoter and 1 Nominee Director with Present address

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One Person Company Registration
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