Additional Nominee Director
Private Limited TAG
One Person Company OPC Registration is suitable for STARTUPS who wish to work as a single owner.
An OPC offers all benefits of Private Limited Company but limits the number of shareholders to 1.
With registration, MyCorporation.in offers real-time updates, Compliance Support, FREE Accounting and Invoicing Software with FREE Legal Consultation.
One Person Company is a separate Legal entity with just one member. Unlike a private limited company which requires minimum 2 shareholders and 2 directors, an OPC can be formed with only one shareholder. The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity.
One Person Company is a Private Limited Structure. It is Most popular Structure in the world. An individual can start its business without the restriction to have 2 directors in One Person Company.
OPC is suitable only for small business. OPC can have maximum paid up share capital of Rs.50Lakh and turnover of Rs. 2 Crores otherwise OPC need to be converted into Private Limited Company.
Copy of Income Tax PAN (Permanent Account Number) of Main Director and Nominee Director.
Copy of Address Proof (Voter Id, Passport, Driving License, Aadhar Card) of of Main Director and Nominee Director
Latest passport size Photographs of Main Director and Nominee Director
Registered Office Address Proof - Electricity Bill along with Rent Agreement / ownership proof of proposed registered office.
Copy of Mobile bill, telephone bill, electricity bill or Bank Statement of 1 Promoter and 1 Nominee Director with Present address
Apply for Digital Signatures
Apply for DIN
Incorporation Form SPICe
PAN and TAN
|Private Limited||Limited Liability Partnership||One Person Company||Partnership Firm||Sole Proprietorship|
|Recommended For||Start-ups and growing||Professional services firms||Sole promoters||Home businesses||Small traders|
|Ease of Accommodating||Very easy to accommodate||Possible, but unlikely||Possible, but severely||Almost impossible||Impossible|
|Limited Liability Protection||Yes||Yes||Yes||No||No|
|Tax Advantages||Few benefits||Most efficient||Few benefits||Minimal||Minimal|