Description

A One Person Company (OPC) is a distinctive business format that enables a single individual to start and manage a company with limited liability. This model was introduced to support individual entrepreneurs and small-scale enterprises. It functions similarly to a private limited company but requires only one shareholder and one director. With easypaytax, individuals can benefit from the advantages of a separate legal identity, reduced liability, and simplified compliance processes, making it an ideal structure for solo business owners who want professional recognition without the burden of excessive formalities. An OPC is a form of private limited company that permits a single person to act as both the owner and the sole director. The concept evolved to overcome the restrictions of sole proprietorships, which were previously the most accessible structure for small businesses. Through easypaytax, entrepreneurs can register their company without needing a partner, unlike LLPs or private limited companies that require at least two individuals. This innovation makes it easier for solo founders to launch legally recognized businesses in India.