OPC Registration Services
Business Registration
OPC Registration Services by Deepak Prakash & Associates
At Deepak Prakash & Associates, we specialize in helping entrepreneurs set up and register One Person Companies (OPC) in Jaipur. An OPC is a unique and innovative concept introduced by the Indian government under the Companies Act, 2013, designed specifically for single entrepreneurs who wish to operate a company with limited liability. It allows an individual to enjoy the benefits of a private limited company with a single shareholder while maintaining control over the business.
What is a One Person Company (OPC)?
A One Person Company (OPC) is a type of business entity where only one person can be the owner of the company. It provides the flexibility of a sole proprietorship with the legal benefits of a limited liability company. The concept of OPC allows an individual entrepreneur to take their business to a more formalized and structured level while enjoying the benefit of limited liability protection.
Unlike a sole proprietorship, an OPC has its own legal identity, and the liability of the owner is limited to the capital invested in the company, which means personal assets are protected from business-related liabilities.
Key Features of a One Person Company (OPC):
Single Shareholder: An OPC can be formed by a single individual. The owner is both the shareholder and the director of the company.
Limited Liability: The owner’s liability is limited to the extent of the shares held in the company. This means the personal assets of the owner are protected.
Separate Legal Entity: An OPC has a distinct legal identity from its owner, which gives it the ability to own assets, enter into contracts, and carry out business in its name.
Tax Benefits: OPCs enjoy the benefits of a private limited company, including access to various tax exemptions and advantages over sole proprietorships in terms of income tax and other business deductions.
Better Credibility: OPCs have a more credible structure as compared to sole proprietorships. It increases trust with investors, lenders, and partners.
Easier Funding: OPCs have the flexibility to raise funds and take loans in the company’s name, unlike sole proprietorships where raising funds can be more challenging.
Mandatory Compliance: OPCs are required to comply with certain regulations, including filing annual returns and maintaining accounts, but the process is simpler compared to other forms of companies.
Why Choose One Person Company (OPC)?
An OPC is ideal for entrepreneurs who want to establish their own business while ensuring limited liability protection. It is well-suited for individuals who are:
- Sole proprietors looking for limited liability protection.
- Entrepreneurs who want to raise investment or take loans.
- Professionals who want to scale their business.
- Individuals seeking to operate in a formalized structure with a legal entity.
Our One Person Company (OPC) Registration Services:
At Deepak Prakash & Associates, we provide end-to-end services for OPC registration. Our team of experts ensures that the entire registration process is smooth and hassle-free. Here’s what we can do for you:
Name Approval and Trademark: We help you choose and approve a unique name for your OPC. We can also assist in trademark registration for your brand to protect your business identity.
Drafting Documents: Our legal professionals will assist in drafting the Memorandum of Association (MOA) and Articles of Association (AOA) required for the formation of your OPC.
Director Identification Number (DIN) & Digital Signature Certificate (DSC): We help you obtain a DIN for the director of the company and a DSC to authenticate documents electronically.
Incorporation: We handle the filing of necessary documents with the Ministry of Corporate Affairs (MCA) for the incorporation of your One Person Company.
PAN & TAN Registration: We assist you in obtaining a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your company.
GST Registration: If applicable, we help you obtain GST registration, ensuring compliance with Goods and Services Tax laws.
Compliance & Filing Services: Once your OPC is registered, we provide ongoing compliance and filing services, including annual returns, income tax returns, and board resolutions.
Bank Account Opening Assistance: We assist you in opening a business bank account in the name of your OPC with the necessary documentation.
Advantages of One Person Company (OPC):
Limited Liability Protection: As the owner, your liability is limited to the extent of your shareholding in the OPC, protecting your personal assets.
Full Control: Unlike private limited companies, where shareholders have a say in the decision-making process, as the sole shareholder and director, you have complete control over the business decisions.
Increased Credibility: Being recognized as a separate legal entity, OPCs have higher credibility, which can help attract investors, customers, and potential business partners.
Simplified Taxation: OPCs are taxed at a lower rate than sole proprietorships, and the income tax process is streamlined.
Flexibility in Growth: Once the OPC reaches a certain scale, it can easily convert into a private limited company, allowing for further growth and expansion.
Advantages of One Person Company (OPC):
Limited Liability Protection: As the owner, your liability is limited to the extent of your shareholding in the OPC, protecting your personal assets.
Full Control: Unlike private limited companies, where shareholders have a say in the decision-making process, as the sole shareholder and director, you have complete control over the business decisions.
Increased Credibility: Being recognized as a separate legal entity, OPCs have higher credibility, which can help attract investors, customers, and potential business partners.
Simplified Taxation: OPCs are taxed at a lower rate than sole proprietorships, and the income tax process is streamlined.
Flexibility in Growth: Once the OPC reaches a certain scale, it can easily convert into a private limited company, allowing for further growth and expansion.
Who Can Form an OPC?
Indian Resident: Only a natural person who is a resident of India (i.e., has stayed in India for more than 182 days during the preceding calendar year) can incorporate an OPC.
Single Director & Shareholder: A minimum of one director and one shareholder are required to form an OPC. The director and shareholder can be the same person.
No Corporate Body as Member: A corporate body cannot be a member of an OPC.
Process of OPC Registration:
Consultation: Get in touch with our team for an initial consultation to understand your business needs and to determine if OPC is the right structure for you.
Document Collection: We collect the necessary documents and draft the required forms for OPC registration.
Filing with MCA: We file the application with the Ministry of Corporate Affairs (MCA) for OPC incorporation.
Incorporation: Once approved, we provide you with the Certificate of Incorporation, PAN, and TAN for your OPC.
Post-Incorporation Services: We guide you on the next steps, including opening a business bank account and GST registration (if applicable).
Why Choose Deepak Prakash & Associates?
- Expert Advice: Our team has deep expertise in company law and helps you choose the right structure for your business.
- Seamless Process: We manage the entire registration process with minimal effort on your part.
- Personalized Service: We tailor our services to meet your unique business needs and ensure smooth compliance.
- Affordable & Transparent Pricing: We provide cost-effective solutions with clear pricing and no hidden charges.
- End-to-End Assistance: From registration to ongoing compliance, we support your business at every stage.
