Proprietorship to OPC
One person company is an improved and better type of a sole ownership firm. One person organizations are an incredible business association structure for medium-sized organizations. One person company is an improved and better type of a sole ownership firm and along these lines transformation of sole ownership into One Person Company is a decent business choice. This business structure gives the single advertiser a full command over the company and simultaneously restricting his liabilities to shield his personal resources. The proprietor of this company is an investor. Like Private Company, OPC may likewise choose a particular person as chief for its administration. Arrangement of a candidate is compulsory in the event of OPC.
Document Required
- Identity Proof
- Address Proof
- Registered Office Proof
- Consent of nominee
- Passport size photograph
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Benefits of OPC over sole Proprietorship
- Separate Legal Entity hence limited liability
- An easy to manage structure
- Opens better business avenue's
- Organized Structure