AN OPC IS PRIVATE COMPANY FORM OF BUSINESS ORGANISATION WHICH IS OWNED BY SINGLE PERSON

OPC (ONE PERSON COMPANY): AN OPC IS PRIVATE COMPANY FORM OF BUSINESS ORGANISATION WHICH IS OWNED BY SINGLE PERSON. AND IT PROVIDES THE BENEFITS OF SEPARATE LEGAL ENTITY WITH CONTROL OF SINGLE PERSON.

SOLE PROPRIETORSHIP: A SOLE PROPRIETORSHIP IS THE EASIEST FORM OF BUSINESS WHICH DOES NOT HAVE ANY SEPARATE LEGAL EXISTENCE FROM ITS OWNER.

LEGAL STATUS

OPC: OPC HAVE ITS SEPARATE LEGAL EXISTENCE FROM ITS OWNER IT CAN OWN PROPERTY IN ITS OWN NAME AND CAN SUE OR BE SUED.

SOLE PROPRIETORSHIP: PROPRIETERSHIP DOES NOT HAVE ANY SEPARATE LEGAL EXISTENCE FROM ITS ONWER, OWNER IS LIABLE FOR THE BUSINESS REALTED DEBTS OR OBLIGATIONS.

LIABILITY

OPC: THERE IS NO PERSONAL LIABLITY OF MEMBER OF OPC APART FROM THE UNPAID SHARE AMOUNT. 

SOLE PROPRIETORSHIP: THE LIABILITY OF OWNER OF OPC IS UNLIMITED AND HE WILL BE PERSONALLY LIABLE FOR BUSINESS DEBTS.

FORMATION AND REGISTRATION

OPC: AN OPC IS FORMED UNDER COMPANIES ACT 2013 FOLLWING ITS RULES AND REGULATIONS.

SOLE PROPRIETORSHIP:  AN SOLE PROPRIETORSHIP CAN BE FORMED EASILY AND CAN OBTAIN SOME LICENSES OR RESISTRATION BASED ON NATURE OF BUSINESS.

TAXATION

OPC:  AN OPC IS TAXED AS PER THE TAXTION PATTERN OF CORPORATE 

SOLE PROPRIETORSHIP: IN A SOLE PROPRIETORSHIP, TAXATION IS DONE TREATING BUSINESS INCOME AS PERSONAL INCOME 

CONTINUITY

OPC:  AN OPC BEING A CORPORATE HAVE A PERPETUAL SUCCESSION 

SOLE PROPRIETORSHIP: THIS TYPE OF BUSNIESS IS EASY TO START AND CLOSE AND ALSO IT DOES NOT HAVE THE FEAUTER OF PERPETUAL SUCCESSION.

COMPLIANCE REQUIREMENTS

OPC: AN OPC HAVE TO FOLLOW THRE COMPLIANCES AS PER COMPANES ACT 2013 AND RULES MADE THEREUNDER. 

SOLE PROPRIETORSHIP: A SOLE PROPRIETORSHIP HAS LESS COMPLIANCE REQUIREMENTS. 

DECISION MAKING

OPC: DECISION MAKING CONTROL IS IN HANDS OF OWNER OF OPC 

SOLE PROPRIETORSHIP: THE OWNER HAVE FULL CONTROL, OVER THE AFFAIRS OF BUSINESS.