One Person Company

Simplify your business registration with SureTax Bizcare –
your trusted partner for seamless Registration, Compliance, and Management.

Overview

A One Person Company (OPC) is a business structure in India that enables a single individual to incorporate and run a company independentlyA partnership firm is a business structure where two or more individuals collaborate to run a business with the aim of generating profit. This form of business is regulated by the Indian Partnership Act of 1932.

It combines the advantages of a sole proprietorship and a private limited company, offering limited liability protection to the owner while also providing the potential to raise funds from investors

Moreover, OPCs are subject to fewer compliance and reporting obligations compared to other corporate structures, making them easier to manage

Unlock Your Business Financial Potential Today!

Get in touch

Basic Requirements

Distinct & Eligible Name

The chosen name for the new Company must be original and meet eligibility criteria.

Single Owner

An OPC can be formed and operated by one individual, who acts as both the shareholder and director of the company.

Business Address

Company Premises can either be owned or rented

Capital Requirement

Under the LLP Act, 2008, there is no mandated minimum or maximum capital requirement, allowing partners to determine the capital contribution based on the specific needs of the business.

One Resident Designated Partner

Under the LLP Act, 2008, there is no mandated minimum or maximum capital requirement, allowing partners to determine the capital contribution based on the specific needs of the business.

Documents Required

Required in Soft Copy Only

Documents of Directors

PAN & AadharCard
Other ID Proof Driving License, Voter Id or Passport
Address Proof Bank Statement or Utility Bills - [E.g.- Electricity Bill / Water Bill / Property Tax]
Colour Photo

Soft Copy Only

Business Address Proof

If Premises is Owned :- Sale Deed/Electricity Bill/ Property Tax
If Premises is Rented :- Rent Agreement or Electricity bill along with NOC from Owner of the premises
( Formate will be provided )

Advantages

Limited Liability & Legal Identity

Offers personal asset protection and operates as a separate legal entity.

Simplified Compliance

Requires fewer regulatory and compliance obligations compared to other company types

Full Ownership with Control

A single individual owns and manages the company independently

Credibility & Continuity

Has better credibility than a sole proprietorship and ensures business continuity through a nominated successor