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What is One Person Company and how its different from other Company?

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What is One Person Company and how its different from other Company?
posted Apr 5, 2016 by Babita Thawani

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One Person Company (OPC) has been recently introduced in India to promote business enterprises that are owned and managed by a single Entrepreneur. Corporate entities like Limited Liability Partnership, Private Limited Company and Limited Company require two or more people to partner. However, a OPC allows for a single individual to own and manage the business. One Person Company is therefore a viable option for those looking to start an unregistered Proprietorship.

answer Jul 11, 2017 by Anurag Kashyap
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