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Difference Between OPC and Sole Proprietorship

Posted on April 22, 2022 By ELXiOYXt No Comments on Difference Between OPC and Sole Proprietorship
Difference Between OPC and Sole Proprietorship
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” »

Compliance Requirements of the OPC

Posted on April 20, 2022 By ELXiOYXt No Comments on Compliance Requirements of the OPC
Compliance Requirements of the OPC
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 OPC  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” »

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