One Person Company Registration

Start up your New Bussiness

The concept of One Person Company in India was introduced through the Companies Act 2013 to support entrepreneurs who on their own are capable of starting a venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in a OPC while a minimum of two members are required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
Thebizsolution is the market leader in company registration services in India, offering a variety of company registration like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary registration. The average time taken to complete a one person company registration is about 10 – 15 working days, subject to government processing time and client document submission. Get a free consultation for one person company registration and business setup in India by scheduling an appointment with an Thebizsolution Advisor.

SIMPLE & TRANSPARENT PRICING

  • One of the Directors must be Indian Resident
  • DSC (Digital Signature Certificate) for one of the Directors / Partners
  • For OPC minimum 1 Shareholder & 1 Nominee
  • Minimum Authorised Share Capital Rs. 100,000 (INR One Lac)

Reasons to Register a One Person Company

Single Promoter

One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence and easy ownership transferability.

Uninterrupted Existence

A company has ‘perpetual succession’, meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.

Easy Transferability

Ownership of a business can be easily transferred in a company by transferring shares. The signing, filing and transfer of share transfer form and share certificates is sufficient to transfer ownership of a company. In a one person company, the ownership can be transferred by altering the shareholding, directorship and nominee director information.

Borrowing Capacity

Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns. However, a one person company cannot issue different types of equity security, as it can only be owned by one person at all times.

Owning Property

A company being an artificial person, can acquire, own, enjoy and alienate, property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., Further, the nominee director cannot claim any ownership of the company while serving as a nominee director.

ADVANTAGES & BENEFITS

Eligibility for Startup India Scheme

To be eligible under Startup India Scheme the Startup must be registered as a Company under the Companies Act 2013 or LLP.

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Limited Liability Protection to personal assets

Many times startups need to borrow money and take things on credit. In case of proprietorship, Partners personal savings and property would be at risk incase business is not able to repay its loans.

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Easy to raise funds and loans

One person company enjoys wide options to raise funds through bank loans, Angel Investors, Venture Capitalists, in comparison to normal Partnership firm or proprietorship.

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Favorite Business structure for Investors

Investors love to invest in one person companies as it is well structured and less strings attached. Most important it is very easy to exit from a one person company.

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Easy to attract Quality Team

For startups putting together a team and keeping them for long time is a challenge, due to confidence attached to one person company, it is easy to hire people as well motivate them with corporate designations.

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Easy to Sell

One Person Company is easy to sell, very less documentation and less cost is involved in selling a one person company.

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