Starting a business is an exciting yet challenging journey, requiring careful planning and decision-making. For entrepreneurs who want to run their business independently while enjoying the advantages of limited liability, a One Person Company (OPC) is a great option. Introduced under the Companies Act, 2013, in India, OPC enables a single individual to establish a company without needing multiple shareholders or directors.
In this guide, we explore everything you need to know about OPC registration, including its benefits, step-by-step registration process, compliance requirements, and essential factors to consider.
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