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One Person Company (OPC)

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    What is a One Person Company?

    A One Person Company (OPC) is a type of business structure introduced under the Companies Act, 2013 in India. As the name suggests, it allows a single individual to own and operate a company with full control, while still enjoying the benefits of a corporate structure.

    It is designed for solo entrepreneurs and small business owners who want the advantages of a Private Limited Company but do not have partners or co-founders.

    Key Features of a OPC (One Person Company) ?

    • Single Owner – Only one person can be the shareholder.

    • Limited Liability – The owner’s liability is limited to their investment; personal assets remain safe.

    • Separate Legal Entity – The OPC has its own legal identity, separate from the owner.

    • Nominee Requirement – A nominee must be appointed, who will take over in case of the owner’s death/incapacity.

    • Conversion – An OPC can be converted into a Private or Public Limited Company once it grows beyond certain limits (turnover ₹2 crore or paid-up capital ₹50 lakh).

    Why Choose a One Person Company?

    • Full Control with Limited Liability – Enjoy complete ownership while protecting personal assets.

    • Better Credibility – Recognized as a corporate entity, boosting trust with banks and clients.

    • Separate Legal Entity – The company is distinct from the owner, ensuring stability.

    • Easy Conversion – Can be easily converted into a Private Limited Company as the business grows.

    Documents Required for Limited Liability Partnership Registration

    1. Identity Proof (Any One of the Following):

    • PAN Card (mandatory for Indian nationals)

    • Passport (for foreign nationals)

    • Aadhaar Card / Voter ID / Driving License

    2. Address Proof (Any One of the Following):

    • Recent Bank Statement (not older than 1 months)

    • Utility Bill (Electricity / Telephone / Mobile, not older than 1 months)

    • Aadhaar Card / Driving License

    3. Passport-size Photographs:

    • Latest, clear photographs of the director and nominee.

    4. Proof of Registered Office Address:

      • Electricity Bill / Water Bill / Property Tax Receipt (not older than 1 months)

      • Rent Agreement (if the property is rented)

      • No Objection Certificate (NOC) from the property owner

    5. For Foreign Nationals (if applicable):

      • Passport (Notarized & Apostilled)

      • Address Proof (Notarized & Apostilled)