What is One Person Company – Meaning, Advantages & Process

What is One Person Company? One Person Companies, also known as One Man Companies, are hybrids between a proprietorship and a company. There is only one member, who is the sole shareholder of the company and may also be the director. OPC is subject to the provisions of Companies Act, 2013, unless stated otherwise. Limited liability applies to One Person Company. If you have an idea for a business, there is no need to worry about finding a partner; you can simply start your own organization. The nominee of a member of an OPC must be an Indian citizen and […]