The One Person Company (OPC) is a unique business structure introduced in India to support solo entrepreneurs. It allows a single person to start and run a business with the benefits of limited liability. In an OPC, there is only one shareholder and one director, making it ideal for individuals who want to manage a business on their own while enjoying the legal protection of a company.
The owner has complete control over the business, and their personal assets are protected if the company faces debts or losses. To register an OPC, a minimum capital is required, and the owner must appoint a nominee who will take charge if the owner passes away or becomes unable to manage the business.
OPC offers the key benefits of a Private Limited Company but with simpler operations and fewer compliance requirements. As the business grows, the OPC can be converted into a Private Limited Company to add more partners or expand further.