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What are the advantages of registering a company as a one-person company (OPC)?

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Ishita Ramani Ishita Ramani
Answered on April 02,2022

Below are the advantages of registering a company as an OPC:

  • The member grants the OPC its own legal entity status. The OPC is a separate legal body created to protect the person who established it.
  • It is simple to raise funds from angel investors, incubators, venture capitalists, and other sources.
  • The OPC has the feature of everlasting succession even when there is only one member. While incorporating the OPC, the single-member must appoint a nominee. When a member dies, the candidate becomes the company's president.
  • OPC can be formed quickly because only one member and one nomination are required. A director can also be a member. Although there is no requirement for a minimum paid-up capital, the minimum permitted capital for founding an OPC is Rs.1 lakh. As a result, it is relatively easy to start compared to other sorts of enterprises.

Hope this answer is useful in knowing the advantages of registering a Company as a One Person Company (OPC).

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