Interesting Facts About One Person Company
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1. Solo Startup Style
An OPC can be started by just one person, no need for partners or co-founders!
2. Separate Legal Identity
Even though it's run by one person, an OPC is a separate legal entity, just like a Pvt. Ltd company.
3. Limited Risk
Your personal assets stay safe, you only risk the amount you invest in the company.
4. No Annual General Meeting (AGM)
Unlike other companies, an OPC is not required to hold an AGM, which saves time and effort.
5. Simple Conversion Process
An OPC can be easily converted into a Private or Public Limited Company once it grows.
6. Indian Citizen Exclusive
Only Indian residents can form an OPC, and they can be the only shareholder.
7. Ideal for Small Ventures
OPC is ideal for freelancers, consultants, and solo entrepreneurs looking for legal structure and credibility.
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