Start a One Person Company with ChatterTax Team
One person Company (OPC) is a legitimate way to form a company with only one member. OPC can work like Proprietorship but it holds the status of company and of course enjoys the benefits that comes with it (limited liability, trust factor, least compliances etc). However, privilege of incorporation of OPC is available only to the Indian Residents.
Required Minimum 1 Director and 1 Shareholder.
Body Corporate and Benifit of Limited Liablitity.
Alternate for Sole proprietorship.
Cannot Access Pulic Funds.