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An OPC registration is ideal for individuals wishing to form an official entity without having partners at all. If you are planning to start a business, and wish to register a company that offers limited liability and additional legitimacy, OPC registration may be the solution. This type of business organization exists between the sole trader business and the Private Limited Company with advantages of both.
If you’re wondering why to go through the process of OPC company registration, here are a few compelling reasons:
Before you jump into the One Person Company registration process, here’s a quick overview of the eligibility:
Here’s a simple, step-by-step breakdown of how you can register a company as a One Person Company:
According to the regulations of a DSC, a DSC is supposed to sign forms electronically. LegalRaasta can help you get this.
The DIN assigns you as the only director of the company and if there is any other person registered as the director it invalidates your DIN.
Select the name of the corporation that will not be easily confused with another company’s name and also follow the MCA guidelines.
It must be noted that the Memorandum of Association (MoA) and Articles of Association (AoA), and other necessary forms have to be registered with the Registrar of Companies.
Upon successful processing of the application, the Certificate of Incorporation is issued to you largely signifying the completion of OPC registration.
It can sometimes appear rather complex to register a company as an OPC but with LegalRaasta, it is a piece of cake. Our focus here is on full-cycle OPC registration so that you will not have to worry about anything. Here’s how we help:
It should be noted that there are certain benefits to completing the OPC company registration process. Here’s a quick look at why this structure is beneficial for entrepreneurs:
Assets are safeguarded for personal use in situations where business hits the rough patch or becomes legally subordinate.
It also eliminates likely disagreements between you and the business partners or co- owners since you are the final decision maker on business matters.
One thing that comes with OPC Company Registration is that your business gains a professional touch and more credibility.
When it comes to compliance regulations, OPCs are less bound than the other business structures such as the Private Limited Companies.
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When the One Person Company registration is completed, it is still important to follow all the rules and regulations of the government. Here’s what you need to manage post-registration:
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