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What are the Benefits of OPC Registration in India?

OPC Registration in India

Are you a solo entrepreneur and want to start your own company? One Person Company Registration is the best option for you. It has been preferred by most of the solo entrepreneurs. Now, the company registration process has become very easy since the government announced the online registration process. The OPC Registration is governed by the Companies Act 2013. OPC Registration in India is very beneficial for individual entrepreneurs. Here, in this blog, we will discuss about the numerous benefits of single person company registration. 

But before moving ahead with the benefits, let’s have a quick glimpse on OPC Registration.

OPC Registration in India

OPC registration is also known as Single Person Company Registration. It is best for the solo entrepreneurs. It has been established and managed by a single person. Basically, OPC is a type of Private Limited Company with the same features. It has been registered under the Companies Act 2013. OPC Registration Online combines the benefits of a Private Limited company as well as the simplicity of sole proprietorship. OPC Registration includes the benefits of limited liability as well as a separate legal entity.

Key Requirements of OPC Registration in India

Here, in this section of the blog, we will tell you about the key features & eligibility criteria of OPC Registration. Here are the key requirements-

  • In OPC Registration, there is a requirement of only one director/ member. 
  • To register an OPC, you also need at least one nominee
  • The director & member must be an Indian Resident Person.
  • The age of the director and nominee of the company must be 18 years & above.
  • There is no requirement for any minimum capital for OPC Registration in India.
  • In today’s digital era, the process of OPC Registration will be 100% online. 
  • You can commence your OPC from the residential place also.
  • A Private Limited Company or an LLP cannot join an OPC Registration process.

Top 10 Benefits of OPC Registration in India

As we told you earlier in this blog one person company registration online is very beneficial, especially for solo entrepreneurs. Here, in this section, we will discuss about the numerous advantages of OPC registration. Here are the benefits-

  • Limited Liability

In a one person company registration, the liability of the shareholder/ director has been limited to the amount invested by him/ her in the company. Their personal assets are completely protected in case of any business debts & losses.

  • Separate Legal Entity

A one person company has its own legal identity separated from the director, providing legal protection to the personal assets of the director/ member in case of business liabilities. It means that the company can property, incur debts, sue, and be sued in its own name. This separation enhances the credibility of business in front of clients, suppliers, and financial institutions.

  • Perpetual Existence

The life of a one person company does not depend on the life of owners. Hence, the company will not end even after the death or inability of any member of the company. In such cases, the ownership of your OPC will be transferred to the respective nominee.

  • Easy Management & Compliance

It is easier to manage an OPC as compared to the other types of companies. As there is only one person involved in OPC, the decision-making process becomes smooth. The person involved in the management does not need to get permission from the other directors or shareholders. The compliance requirements of an OPC are also less.

  • Easy Access to Funds & Loans

One Person Companies will get the better opportunities to acquire funds & loans as compared to the sole proprietorship. As registered companies offer the transparency & structured nature of their operations, banks & financial institutions prefer to provide funds to these companies. 

  • Tax Benefits

OPC online registration will provide several tax benefits. The profits of an OPC Registration online are subject to corporate tax rates. One person companies can also claim the several tax deductions & exemptions including business expenses. It will reduce the taxable income. One Person Company Registration Online can also avail the benefits under presumptive taxation scheme.

  • No Minimum Capital Requirement

For One Person Company Registration Online, there is no requirement of any minimum capital. Due to this this business structure is easily accessible for small entrepreneurs and startups. 

  • Avail MSME Benefits

Usually, One Person Company registration is for small scale businesses. These companies have been registered as Micro, small & Medium enterprises as per the MSME Act. After MSME Registration, OPC can avail the numerous benefits that have been offered by the Government in order to support the growth of MSME. 

  • Lower Maintenance Cost

As there is less compliance requirements for a One Person Company Registration online, so its cost of maintenance is also lower as compared to the other business structures.

  • Easy Conversion to Other Entities

When your business grows and requires expansion, you can easily convert your One Person Company Registration into a Private Limited Company or a Public Limited Company.

  • Trustworthiness

OPC Registration in India also enhances the credibility of your business. It will help you to build trust among customers, suppliers, & partners. 

  • Single Owner

The one person company is the best for those who are not willing to start their entrepreneurial journey in partnership and want to run their company individually without the interference of any other person. OPC Registration offers the full control over the company to the individual entrepreneurs.

These are the major benefits of single person company registration. So if you are going to start your entrepreneurial journey as an individual entrepreneur, remember these benefits & go ahead with the OPC Registration online.

Process of OPC Registration in India by Legal Pillers

You can complete your One Person Company Registration Online in just few clicks from the comfort of your home or office. Here, in this section of bog, we will discuss about the OPC Registration process in India by Legal Pillers. Here are the steps included in OPC Registration-

  • Step 1: Gather all the Documents

First of all, we provide you the in-depth consultation regarding your entrepreneurial journey. Our registration journey begins with the collection of the necessary documents. We will gather all the relevant documents & our experts will verify them.

  • Step 2: Preparation of Application

After that, our dedicated team of experts prepares all the documents as well as application for the OPC Registration online accurately.

  • Step 3: Filing & Approval

At last, after the successful submission, MCA i.e. Ministry of Corporate Affairs verify the application and approve your company. After that, you will get the certificate of incorporation of your One Person Company.

These are the simple steps by which you can register your One person company easily & effortlessly.

Why Legal Pillers is best for OPC Registration in India?

Among the numerous options available in market for OPC Registration online, Legal Pillers stands as the premier choice of solo entrepreneurs to fulfill their dream of OPC Registration. In this section we will tell you why Legal Pillers is the top choice-

  • Professional Team

At Legal Pillers we have the team of professionals for the one person company registration. Our team holds the expertise for the OPC online registration. Our team of experts solves all your queries with great dedication & patience. We will help you to simplify the process of OPC Registration online.

  • Cost-effective

Legal Pillers know the importance of money for your business. We provide you with the service of registration at the best competitive price. As you know the traditional method of registration process is more costly than the online method. It is better to opt for online method and choose us to get best OPC Registration fees.

  • Post-registration support

The company registration is just the beginning. The journey does not end here. Legal Pillers will go the extra mile to provide you with post-registration support, guide your business via important compliance requirements, and offer the needed assistance.

  • Track Record of Success 

LegalPillers builds the confidence in clients with a good track record of assisting the numerous businesses successfully in their journey of OPC registration online. We have thousands of happy customers.

These are the reasons why you should choose Legal Pillers as your trusted partner to fulfill your entrepreneurial dream. You will get the best services to register your OPC.

Final Words

The One Person Company Registration is the attractive choice of the solo entrepreneurs and small business owners as it offers numerous benefits. In today’s dynamic & competitive business environment, OPC Registration is the most advantageous option for the individuals who want to stat & grow their own business. You can lay a solid foundation for your businesses and can also achieve your entrepreneurial aspirations confidently by understanding & utilizing the benefits of OPC Registration. You can also seek the expert guidance of professionals like Legal Pillers. Legal Pillers has a dedicated team of professionals that possesses the expertise of OPC Registration. You will get the best services of your company registration with the best OPC Registration fees. So, what are you waiting for? Choose Legal Pillers as your trusted partner & take first step towards your entrepreneurial journey!

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