The Company is owned by a single individual who is also the sole shareholder and director.

        The Owner’s Liability is limited to the amount of capital invested in the company. Personal assets are protected from business debts.

          An OPC is considered a separate legal entity, distinct from its owner, with the ability to enter into contracts, own property, and incur liabilities.

         Although an OPC is a corporate entity, it has fewer compliance requirements compared to a private limited company.

         The company has a perpetual succession, meaning it continues to exist even if the owner leaves or passes away.

          OPC provides the benefit of limited liability, protecting the owner’s personal assets from business liabilities.

           The proprietor has full control over all aspects of the business, including decision-making, operations, and finances. This autonomy allows for quick decisions and personalized management.

            OPC is a separate legal entity, which can enhance the business’s credibility and facilitate easier access to credit and investment.

            The Company can operate with a simpler structure and fewer compliance requirements than a private limited company.

           The Company continues to exist independently of the owner’s personal circumstances, ensuring business continuity.

            Select a unique name for your OPC that is not already registered and complies with the naming guidelines set by the Ministry of Corporate Affairs (MCA).

            Acquire a Digital Signature Certificate (DSC) for the proposed director to facilitate electronic filing of documents.

           Obtain a DIN for the sole director of the company. This can be applied for through the MCA portal.

            Prepare the MOA and AOA, which define the company’s objectives and the rules governing its operations.

Submit an application for incorporation to the MCA, including the MOA, AOA, DIN, DSC, and other required documents.

Upon approval, the company will receive a Certificate of Incorporation.

           Apply for a PAN card in the name of the OPC for tax purposes.

           Open a Current Bank Account in the name of the OPC. Banks typically require the Certificate of Incorporation, PAN card, and proof of address.

Register for GST if the OPC’s annual turnover exceeds ₹20 lakhs (₹10 lakhs for special category states) or if it engages in inter-state trade.

Voluntary GST registration can also be opted for to avail of input tax credit.

MSME (Udyam) Registration – Beneficial for small businesses to avail of government schemes and benefits.

Trade License – Required for certain types of businesses, issued by the local municipal authority.

Shop and Establishment Act License – Needed for Commercial Establishments as per state regulations.

           Register for Professional Tax if mandated by the state government based on income and employment.

          If the OPC is required to deduct tax at source (TDS), obtain a TAN (Tax Deduction and Collection Account Number).

          Ensure compliance with Provident Fund (PF) and Employee State Insurance (ESI) regulations if the OPC employs staff.

            Consider registering a trademark to protect the company’s name, logo, or brand.

           Apply for an Import Export Code (IEC) if the OPC is involved in import-export activities.