Overview: What is One Person Company?
A One Person Company (OPC) is a revolutionary business structure tailored for solo entrepreneurs in India. It allows individuals to start and manage a company as a single shareholder and director, providing a sense of ownership and limited liability. At ZeroFilings, we understand the aspirations of solo entrepreneurs and the power of their ideas. Discover how OPC can be your stepping stone towards business success, backed by our expertise.
Key Features:
- Sole Ownership: Operate and control the company on your own.
- Limited Liability: Protect personal assets from business liabilities.
- Perpetual Existence: Continuity even if the founder changes.
- Credibility: Boost your business’s credibility and trustworthiness.
Who is it For?
- Sole Entrepreneurs: Individuals with a vision and drive to launch their venture.
- Freelancers: Creative minds looking to formalize their freelance work.
- Small Businesses: Start small and grow your business over time.
Steps to Launch Your One-Person Company: Your Journey to Independence
- Name Reservation: Choose a unique company name and get it approved.
- Director Identification Number (DIN): Obtain DIN for the sole director.
- Digital Signature Certificate (DSC): Acquire DSC for electronic signatures.
- Drafting of Documents: Prepare the Memorandum of Association (MOA) and Articles of Association (AOA).
- Filing with RoC: File documents with the Registrar of Companies (RoC).
- Certificate of Incorporation: Receive the Certificate of Incorporation from RoC.
- PAN and TAN Application: Apply for Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
- Bank Account Opening: Open a business bank account.
Benefits of a One-Person Company: Empowering Your Solopreneurship
- Limited Liability: Shield your personal assets from business debts.
- Complete Control: Manage your business independently.
- Separate Legal Identity: Enjoy corporate status and credibility.
- Easy Funding: Easier access to funding and investment opportunities.
- Perpetual Succession: Ensure continuity beyond your presence.
Process of Establishing a One-Person Company: Your Solo Entrepreneurial Voyage
Our process involves:
- Consultation: Understand your business vision and objectives.
- Document Compilation: Collect the necessary documents.
- Filing: Submit the documents to the Registrar of Companies (RoC).
- Incorporation: Obtain the Certificate of Incorporation.
- Post-Incorporation Compliance: Fulfill post-registration obligations.
Documents Required for OPC Formation:
- Identity Proof: PAN and Aadhar card of the sole director.
- Address Proof: Passport, voter ID, or driver’s license.
- Registered Office Proof: Rental agreement and utility bills.
Checklist for Establishing a One-Person Company:
- Unique Company Name
- Director Identification Number (DIN)
- Digital Signature Certificate (DSC)
- Memorandum of Association (MOA) and Articles of Association (AOA)
- Certificate of Incorporation
FAQs About One-Person Company Formation:
What is an OPC?
An OPC is a company owned and managed by a single individual.
Can a minor be a shareholder in an OPC?
No, only individuals over 18 years can form an OPC.
Can an OPC be converted into a Private Limited Company?
Yes, an OPC can be converted into a Private Limited Company after two years.
Is an OPC suitable for startups?
Yes, it’s a great option for solo startup founders.
How can ZeroFilings assist in OPC formation?
We provide end-to-end guidance to make your journey seamless.
Why Choose ZeroFilings for One-Person Company Formation?
At ZeroFilings, we believe in the power of individual entrepreneurship. Our experts are here to guide you through the entire process, ensuring that your Person Company journey is smooth, compliant, and promising. Let us be your partner in shaping your entrepreneurial dream.
Embark on your journey as a solopreneur – Contact us today!
