One Person Company Registration

Ideal for business owners who wants to launch and start an enterprise on their own.

One Person Company (OPC) involves the features of a Private Limited Company and the benefits of Sole Proprietorship.

One Person Company, a hybrid form of business entity permits a person to run a business alone to encourage the small size businesses with the minimum legal regime and limited liability protection

What Will You Get?

? Certificate of Incorporation
? Memorandum of Association (MOA)
? Articles of Association (AOA)
? Digital Signature Certificate (DSC)
? Director Identification Number (DIN)
? Permanent Account Number (PAN)
? Tax Deduction and Collection Account Number (TAN)
? Provident Fund (PF) Registration
? Employees� State Insurance Corporation (ESIC) Registration
? Professional Tax Registration

ONE PERSON COMPANY

A One Person Company (OPC) Private Limited has many advantages as compared to Proprietorship firm.

One Person Company (OPC) involves the features of a Private Limited Company and the benefits of Sole Proprietorship

An OPC provides limited liability protection with fewer compliance requirements.

It requires only one Director and one Nominee for successful formation. It is designed to cater to entrepreneurs and business owners where a single individual owns, operates, and manages the entire business.

Minimum Requirement

? Minimum 1 Director
? Minimum 1 Shareholder (The director and shareholder can be same person)
? Minimum 1 Nominee
? Only Indian residents can be Shareholder & Nominee

DOCUMENTS REQUIRED

For DIRECTOR & NOMINEE

? COLOR PHOTO (PASSPORT SIZE)
? PAN CARD
? IDENTITY PROOF (ANY 1)
Driving License / Voter ID / Aadhaar Card / Passport
? ADDRESS PROOF (ANY 1)
Bank Statement / Mobile Bill / Telephone Bill / Electricity Bill
? NOTE:
Address proof should be in name of �Applicant only� & Address proof should be me older than 1 Month

FOR REGISTERED OFFICE

? TELEPHONE / ELECTRICITY BILL
? NOC (No Objection Certificate from Owner)

LEGAL ENTITY /RECOGNITION

One Person Company is a Private Limited Structure, this is the most popular business structure in the world. Gives suppliers and customers a sense of confidence in business.

Large organizations prefer to deal with private limited companies instead of Proprietorship firms.

Pvt. Ltd. business structure enjoys corporate status in society which helps the entrepreneur to attract quality workforce and helps to retain them by giving corporate designations, like directorship. These designations cannot be used by proprietorship firms.

LIMITED LIABILITY

All unfortunate events in business are not always under an entrepreneur�s control; hence it is important to secure the personal assets of the owner, if the business lands up in crises.

While doing business as a proprietorship firm, the personal assets of the proprietor can be at risk in the event of failure, but this is not the case for a One Person Private Limited Company, as the shareholder liability is limited to his shareholding. This means any loss or debts which is purely of business nature will not impact, personal savings or wealth of an entrepreneur.

BORROWING CAPACITY

Banking and financial institutions prefer to lend money to the company rather than proprietary firms. In most of the situations Banks insist the entrepreneurs to convert their firm into a Private Limited company before sanctioning funds. So it is better to register your startup as a One Person private limited rather than proprietary firm.

ADVANTAGE OF ONE PERSON COMPANY

CONTROL OF THE COMPANY

The Director of Company has Complete Control of the Company with the Single Owner.

This leads to fast decision making and execution. Yet he/she can appoint as many as 15 directors in the OPC for administrative functions, without giving any share to them.

LESS COMPLIANCE

OPC is one of the easiest forms of corporate entities to manage. Very few ROC filing is to be filed with the Registrar of Companies (ROC). No need to conduct Annual General Meeting (AGM)

TAX FLEXIBILITY AND SAVINGS

In an OPC, it is possible for a company to make a valid contract with its shareholder or directors. This means as a director you can receive remuneration, as a lessor you can receive rent, as a creditor you can lend money to your own company and earn interest. Directors� remuneration, rent and interest are deductible expenses which reduce the profitability of the Company and ultimately bring down taxable income of your business.