Information

A One Person Company is the hybrid of Sole Proprietorship Firm and the company form of business. The concept of One Person Company was mainly introduced to support entrepreneurs who can start a venture on their own by allowing them to create a single person economic entity. Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder.

Also, it is mandatory to convert a One Person Company into a Private Limited Company if it crosses an annual turnover of Rs.2 crores. Therefore a potential One Person Company Owner must consult knowledgeable sources to understand the term completely.

Features of Private Limited Company :-

  • Separate Legal Entity
  • Easy Fund Acquiring
  • Less Compliance
  • Benefits of a Small Scale Industry
  • Income Tax Benefits
  • Single Owner

Documents / Information :-

  • Identity Proof of Directors and Nominee director
  • Address proof of Director & nominee director
  • Proof for registered office in India
  • Signed Incorporation Documents
Information

A One Person Company is the hybrid of Sole Proprietorship Firm and the company form of business. The concept of One Person Company was mainly introduced to support entrepreneurs who can start a venture on their own by allowing them to create a single person economic entity. Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder.

Also, it is mandatory to convert a One Person Company into a Private Limited Company if it crosses an annual turnover of Rs.2 crores. Therefore a potential One Person Company Owner must consult knowledgeable sources to understand the term completely.

  • Separate Legal Entity
  • Easy Fund Acquiring
  • Less Compliance
  • Benefits of a Small Scale Industry
  • Income Tax Benefits
  • Single Owner
  • Identity Proof of Directors and Nominee director
  • Address proof of Director & nominee director
  • Proof for registered office in India
  • Signed Incorporation Documents