One Person Company - OPC

“One Person Company” means a company which has only one person as member.

Advantages of OPC:

• Single person can start the business
• Liability of member is limited
• Minimum No. of Directors required is One
• OPC is treated as Separate Legal Entity from an individual
• No need to arrange AGM during the year
• Business will not come to an end on the death of an individual person
• Power to sue or to be sued
• Easy transfer of ownership