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” »
Tag: opc
OPC, Sole Proprietorship
Business Registration
OPC Compliance Requirements One person companies are companies formed by a single person. A company can be formed with just 1 director and 1 member, according to Section 2(62) of the Company’s Act of 2013. The OPCÂ structure was introduced to allow a sole entrepreneur to start and manage a limited liability entity. Its main … Read More “Compliance Requirements of the OPC” »