One Person Company (OPC) Advantages [Ceremonial Tutorial]
One Person Company or you may name it OPC!
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Getting back to the subject i.e Advantages Of One Person Company (OPC)!
This is what we are going to tell in detail here. Keep going…
12 Crucial Advantages Of OPC
The advantages of choosing — One Person Company registration with LeadingFile are as follows:
In other words, here are 5 reasons why any entrepreneur or business institution should opt for a one-person company. The benefits of a person company are as follows:
01: Separate Legal Entity
OPC (One Person Company) is a separate legal entity and it is capable of doing everything that an entrepreneur will do.
02: Easy Funding
It is a company which is a private company, OPC can raise money through venture capital, financial institutions, fairy investors, etc. An OPC can raise money in such a way that he can graduate himself into a private limited company.
03: Minimum Complaints
One of the biggest advantages; Such a company is the only type of corporate entity which can be started and operated by a single promoter, which is often known as the shareholder, while it is done with limited liability protection in India.
However, under a person company, a business having a relevant existence and easy proprietary transferability is corporately protected by a fully legal entity.
04: More Opportunities
One of the advantages of the One Person Company is that there are more opportunities in it since liability liability liability of OPC Limited is limited to the extent of the share of the shares held by you, the person can take more risk without affecting or suffering the business. is.
Personal property loss. It is an incentive for new, young and innovative start-ups.
05: Minimum Requirements
- Minimum 1 shareholder.
- Min 1 director.
- Directors and shareholders can be the same person.
- Minimum 1 nominee.
- To separate it from other companies, the letter ‘OPC’ will be given the suffix with the name of OPCs.
Compared to private limited companies OPC has to face a little compliance burden, so OPC can focus more on other functional and core areas.
06: Small Scale Industries (SSI)
An OPC can take advantage of the various benefits given to small industries, such as the low rate of interest on the loan, without any security deposit, easy money from the bank, foreign trade policy and many other benefits under multiple.
All these benefits can be boards for any business in the early years.
07: Single Owner
You are able to control and manage the business without just following any lengthy procedures and procedures, only helpful in making quick decisions, as adopted in other companies.
The sense of belonging inspires the business to grow more.
08: Credit Rating
OPC can also get loans with bad credit ratings. OPC’s credit rating will not be physical if OPC’s rating is according to norms.
09: Benefits Under Income Tax Law
Any remuneration given to the director will be allowed to be deducted in accordance with the income tax law, unlike proprietorship. Other benefits of presumed taxation are also available under the Income Tax Act.
10: Receive Interest On Any Late Payment
OPC leverages all the benefits under the Enterprise Development Act, 2006.
The new start-up OPC is subtle, small or medium, so they come under this act.
According to the act, if the buyer or receiver receives payment from any time (receives payment after a specified period), then he is entitled to receive interest which is three times the bank rate.
11: Increased Trust & Prestige
Any business unit that runs as a company always gets an extended belief and reputation.
12: Borrowing Capacity
Such a registration has the ability to borrow, and this can be said because the bank and financial institutions prefer to pay money to a company despite a partnership firm or sole proprietary concerns.
After this, the OPC (One Person Company) can not issue equity security because it can be borrowed by only one person at all times.
Now get the OPC registration with the help of LeadingFile experts at the lowest prices.