One Person Company
What is a One Person Company?
OPC is effectively a company that has only one shareholder
as its member. Such companies are generally created when there is only one
founder/promoter for the business.
Advantages of One Person Company
- Easy to obtain funds
- Less compliance
- Easy To Manage
- Easy incorporation
Disadvantages of One Person Company
- Suitable for only small business
- Restriction of business activities
- Ownership and management
About One Person Company`s Structure
|
Details |
Proprietors looking to limit their liability and have 100% control. |
|
Minimum no of Member |
1 |
|
Compliance |
Moderate |
|
Obtaining Fund |
Challenging |
|
Tax Rate |
Tax@30% |
Steps to register One Person company
Step 1: Digital
Signature Certificate (DSC)
Step 2: DIN
Step 3: Name
Approval
Step 4:
Drafting MOA and AOA
Step 5:
Incorporation Application
Step 6: PAN
and TAN Application
Step 7: Company Registration In 7 To 15 Working days
Required Documents For Register One Person Company
- PAN CARD
(Director)
- ADHAR
CARD (Director)
- DSC (if
you have)
- PHOTO
(Director)
- TRADE
NAME ( XYZ ENTERPRISES)
- NATURE
OF BUSINESS
- LIGHT
BILL (For Address)
- RENT
AGREEMENT (if office is rented)
- PASSPORT/VOTING/DRIVING
LICENSE
- BANK STATEMENT (director)
Free Consultancy
Contact Us
Team TaxCure India
Income Tax | GST | Labour laws | Auditing | FEMA | NGO | TRUST |
Head Office-Office No.101, Vinayak Apartment.
Plot No-883, Sector-19, Koparkhairne-Vashi,
Navi Mumbai - 400709.
Contact - 8779397097/ 8652078014
Email :- Info.taxcureindia@gmail.com
