Category: OPC

Is One-Person Company Really Incentivized?

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OPC

Former requirements for incorporating an OPC were deemed too strict. The Companies (Incorporation) Amendment Rules 2021 have lifted these provisions, encouraging the incorporation of OPCs. Under the Companies Act of 2013, the One Person Company (OPC) was welcomed by solo entrepreneurs who sought to incorporate their businesses as private limited companies. The key difference between … Read More “Is One-Person Company Really Incentivized?” »

Difference Between OPC and Sole Proprietorship

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OPC, Sole Proprietorship

The decision of what business structure is best for their company is typically confusing for new business owners. In general, OPCs and sole proprietorships are similar, but there are certain differences discussed below. Here’s what you need to know about choosing the right business structure. Those who want complete control over their business have two … Read More “Difference Between OPC and Sole Proprietorship” »