Online Chartered can help you form a producers company in most convenient way.
The One Person Company was introduced for solo entrepreneurs who wish to run a business independently. Unlike a sole proprietorship, an OPC provides a legal framework with benefits like limited liability, a separate legal identity, and efficient management.
OPC gives individuals to have full control of the company. It enjoys the advantages of a private limited company. It’s ideal for single owners who wish to operate their business in a professional and scalable manner.
If you want limited liability and full control over the company. When your business turnover is expected to remain below ₹2 crore and paid-up capital under ₹50 lakh. If you aim for business scalability and credibility while keeping compliance minimal.
It Protects the assets of the owner from any liabilities of business
Enhances the credibility and reputation of the business.
Continuous monitoring under the Companies Act boosts authenticity, making it easier to secure loans and funding.
The structured framework attracts better prospects for business expansion.
OPCs require less legal formalities and compliance obligations compared to private limited companies, making them easier to manage for solo entrepreneurs.
An OPC can only appoint one director, who should be an Indian citizen and also an Indian resident. The director must appoint a nominee. The paid-up share capital for OPC not exceeding ₹50 lakhs. The annual turnover should not go beyond ₹2 crore.
Apply for Name: Reserve a unique name for the company. Get a Digital Signature (DSC): Apply for a digital signature for the proposed director to sign documents online. Apply for a Director Identification Number (DIN): Get a unique ID for the proposed director, required to legally register the company. File Incorporation Forms: Submit all necessary documents to officially register the company. File the Commencement of Business Form: Complete this step after receiving the incorporation certificate to start operations officially.
100% ownership and control by the single entrepreneur. Limited Liability: OPC protects the owner's personal assets by ensuring that they are not used to cover business liabilities. The separate legal entity provides more professional recognition. Easier access to funding due to enhanced business authenticity. A structured framework supports smooth business growth. By opting for OPC registration, solo entrepreneurs in Surat can effectively scale their ventures while maintaining complete control and enjoying all the benefits of a Private Limited Company.
