LLP Registration

Pioneering Business
Ownership with OPCs

A One Person Company is a corporate entity where a single person can initiate the business, serving as both the shareholder and director, while enjoying limited liability protection.

The concept was introduced to allow individuals to register as a corporate entity, enabling one person to own, control, and manage the business, similar to a Proprietorship firm.

The company must nominate a nominee in the MOA and AOA to act as the sole director in case the owner becomes disabled. If you wish to start and manage your business independently, without involving others, a One Person Company (OPC) is the ideal choice. Asia Pacific Tax Solutions can assist with the registration, formation, and ensure compliance with all legal requirements after the company is registered.

LLP Registration
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Analysis on OPC

Indian as well as Foreign country citizen can incorporate OPC
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Registration Benefits of One Person Company (OPC)

Separate legal entity

One Person Company is an artificial person created by law and it is separated by law from its owner.

Limited Liability

The liability of the shareholder is limited up to capital contribution in business in his name and the personal Asset does not get affected by it unlike Sole proprietor or Partnership Firm.

Organized Sector

OPC will convert unorganized sector into organized in the form of a private limited company. Sole proprietors might enter into the corporate sector.

Life Span

Death and The insolvency of any of the members do not affect the continuity of the company. Thus the life of its members does not affect the company. A person can become member or even can leave the organization. Transfer of share can not affect the company.

Complete Control

As the Shareholder and Director may be the same person the control lies with the Shareholders.

Easy and Lesser Compliance

As there is no requirement to conduct AGM and the Number of Board Meeting is also comparatively less as only 2 meetings are required in whole year so it is easiest form of Corporate Entity.

Restriction

One Person Company can convert voluntarily into any kind of company unless two years have expired from the date of incorporation of OPC, except (paid up share capital) is increased beyond 50 Lakh Rupees or its annual turnover during the relevant period exceeds 2 crores Rupees.

* Stamp duty Extra for States: Punjab, Kerala, Madhya Pradesh and Sikkim.
* Charges extra for NRI/Foreign Directors
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Documents required for registering OPC

  • Pan Card
  • Aadhar Card
  • Passport or driving licence or voter id
  • Registered office electricity bill
  • Electricity bill or bank statement
Audit and Assurance