Clients
When you run your business alone it may prove difficult to know when and how to address the legal requirements of the business. OPC registration is the best solution that provides an opportunity to register a company with limited liability but with many privileges of the corporate structure. Here’s why more solopreneurs are opting for OPC registration:
This means that with OPC registration you are able to fully manage your business while at the same time enjoying corporate protection and recognition.
Before diving into the OPC company registration process, it’s crucial to know the eligibility requirements:
Realizing these elementary parameters enables you to judge whether OPC is an appropriate business structure for you.
Here’s a breakdown of the key advantages you get with One Person Company registration:
You do not become personally liable for the debts as you do when you operate under a sole trader. Investment in your own identity and specific assets such as your house and savings are still safe.
After forming an OPC, the company is legally separate from its incorporators and the founders of the company. The business can own property, initiate or defend legal actions and enter into legal agreements in its own name.
Business clients and partners are more likely to deal with an OPC than an unregistered sole trader since you would acquire a business recognition.
Relative to Private Limited Companies, which are subjected to considerable compliance requirements, OPCs are not obligated to convene annual general meetings.
Specifically, LegalRaasta works extensively in performing OPC company registration for its clients. Our consultants are conversant with all the legal formalities required when registering an OPC so the client can concentrate on expanding his business. Here's how we assist:
Choose LegalRaasta as your ally as you begin your journey for company registration and building your business in the OPC framework.
OPC registration is less complex and anyone can register a company quickly without much of a bother. Here’s a step-by-step guide:
Since certain documents need to be signed during registration, it is necessary to do them in a digital way.
In order to become the director of your OPC you will be required to secure a distinctive DIN.
Choose an appropriate company name; the name has to meet the requirements provided by the MCA.
These documents prescribe the goals and vision of the company as well as the conducting code of conduct.
You must then fill some forms accompanying your documents and file them with the Ministry of Corporate Affairs (MCA).
You will then get the Certificate of Incorporation after the MCA has gone through your application.
LegalRaasta was founded on the principle that sophisticated legal and taxation services should be simple, modern, and inexpensive. We can serve our clients more efficiently thanks to cutting-edge practise technology.
By continuing past this page, you agree to our Terms and Conditions Privacy Policy and Refund Policy | Copyright © 2015-2024 LegalRaasta.com | All Rights Reserved