One Person Company (OPC)

An One Person Company (OPC) is a revolutionary business structure introduced under the Companies Act, 2013, designed for solo entrepreneurs who want to enjoy corporate benefits while running a single-owner business. It combines the simplicity of a proprietorship with the advantages of a private limited company.

  • Single Ownership – Run independently while enjoying corporate status
  • Limited Liability – Personal assets protected from business debts
  • Credibility Boost – “OPC” suffix enhances professional image
  • Easy Conversion – Can upgrade to Private Limited when scaling
  • Tax Benefits – Lower tax rates compared to proprietorship

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    Introduction

    One Person Company (OPC)

    An One Person Company (OPC) is an innovative business structure that allows solo entrepreneurs to operate with corporate benefits while maintaining complete control. Designed under the Companies Act 2013, it provides limited liability protection and separate legal identity - making it the perfect choice for individual founders seeking credibility without the complexity of multi-owner structures.

    Trusted by 300+ solo founders, our team of CAs and legal experts provides comprehensive OPC registration and post-incorporation support including nominee director arrangements, GST registration, and annual compliance filings. Start your entrepreneurial journey with corporate advantages - partner with Financial Munshi for seamless, affordable OPC incorporation tailored for individual business owners.

    BENEFITS

    Why Choose an One Person Company (OPC) in India?

    Structured Solo Entrepreneurship

    An OPC provides individual founders with a formal corporate structure while maintaining complete control. This unique model combines the autonomy of a proprietorship with the legal advantages of a company, creating the perfect foundation for solo business growth.

    Financial Advantages & Growth Potential

    Enjoy access to banking facilities and investor confidence typically reserved for larger companies. With proper financial structuring, OPCs can efficiently scale operations and easily convert to Private Limited when ready for expansion.

    Compliance Made Simple

    Benefit from limited liability protection while we handle all regulatory requirements - from nominee director arrangements to annual filings. Our experts ensure compliance so you can focus on growing your business.

    How we work

    Step-by-Step Company Registration Process

    01

    DSC & DIN Application

    02

    Company Name Approval

    03

    MOA & AOA Drafting

    04

    Incorporation Certificate

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    Documents Checklist

    Documents Required for OPC Registration in India

    Ensure a smooth registration process by arranging these essential documents:

    For the Sole Owner

    • PAN Card (Mandatory for all directors and members)
    • Aadhaar Card / Passport / Voter ID (Address & Identity Proof)
    • Passport-Sized Photographs (White background)
    • Latest Bank Statement (Not older than 2 months)

     

    For Nominee Director

    • PAN Card
    • Aadhaar Card
    • Passport-Sized Photographs
    • Consent Letter (Form INC-3)
    For Registered Office
    • Electricity Bill / Water Bill (Not older than 2 months)
    • Rent Agreement + NOC (If office is rented) or Ownership Proof (If self-owned)
    • Memorandum of Association (MOA)
    • Articles of Association (AOA)
    • Digital Signature Certificate (DSC) (Class 3 for owner)
    • Director Identification Number (DIN)

    FAQs – One Person Company (OPC) Registration

    1. How long does OPC registration take

    8-12 working days after document submission. Faster than Private Limited Companies.

    FactorOPCSole Proprietorship
    LiabilityLimitedUnlimited
    ComplianceModerate (MCA filings)Minimal
    CredibilityHigh (Corporate status)Basic
    TaxationCorporate tax ratesOwner’s income tax

     

    Yes, but you must appoint a nominee director (can be a family member/friend).

    Yes, but can be a residential address (home-based businesses allowed).

    ₹7,999 – ₹12,999* inclusive of:

    • MCA fees
    • Professional charges
    • DSC & DIN
      *(No hidden costs)

    Must file:
    • MGT-7 (Annual Return)
    • AOC-4 (Financial Statements)
    • No board meetings required
    Mandatory when:
    • Annual turnover exceeds ₹2 crore
    • Paid-up capital crosses ₹50 lakh

     Only after converting to Private Limited (OPC allows just 1 director).

    Types of Companies in India

    India offers diverse business structures to suit every entrepreneur’s needs. Here are the most common types:

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    Best For: Startups, SMEs, and businesses seeking funding.

    Private Limited Company

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    Best For: Large businesses planning IPOs or public fundraising.

    Public Limited Company

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    Best For: Solo entrepreneurs.

    One Person Company (OPC)

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    Best For: Professionals, consultants, and small firms.

    Limited Liability Partnership (LLP)

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    Best For: NGOs, charities, and non-profits.

    Section 8 Company

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    Best For: Small businesses with low risk.

    Sole Proprietorship

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    Best For: Family businesses or informal collaborations.

    Partnership Firm

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