Is One Person Company Right For You?
What is a One Person Company (OPC)?
A One Person Company (OPC) is a type of business structure that is ideal for individuals who want to start a business on their own
Advantages of One Person Company (OPC)
An OPC provides limited liability to the owner, is easy to manage, enjoys various tax benefits, making it an attractive option
Considerations before starting an OPC
Before starting an OPC, it is important to consider factors such as nature of your business, legal and financial requirements
When an OPC may not be suitable
An OPC may not be suitable for businesses that require significant capital investment, or for those that have multiple stakeholders with different interests
Choosing the right business structure
Choosing right business structure, whether it's an OPC or another type, depends on your unique circumstances, goals