What are the types of proprietorship?

What are the types of proprietorship? In India, proprietorship registrationĀ is a popular business organization owned and managed by a single individual. It is the simplest and most common type of business structure, ideal for small businesses andĀ startups. The proprietorship business…

Can a single person own a firm?

Can a single person own a firm? In India, a single person can own a firm through various types of business entities, such as Sole Proprietorship, One Person Company (OPC), Limited Liability Partnership (LLP), and Private Limited Company (PLC). Each…

Why is OPC better than Private Limited?

Why is OPC better than Private Limited? The primary objective of a One Person Company was to encourage entrepreneurship and MSMEs' corporatization. It gives all the benefits of a Private Limited Corporation, such as perpetual succession, being a distinct legal…

Who is eligible for OPC?

Who is eligible for OPC? One Person Company (OPC) is a type of company that can be formed with only one person as a shareholder and director. This is a relatively new concept in India introduced by the Companies Act…

How to Register a One Person Company (OPC)

How to Register a One-Person Company (OPC) One-Person Company registration is a popular choice for entrepreneurs seeking limited liability and a separate legal entity. An OPC is a unique business structure that allows a single individual to operate as a…