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Starting a one-person company is a great choice for solo business owners who want to keep their liability limited and have a company that’s legally recognized. An OPC lets one person run a company while being the only director and shareholder - it's like having the simplicity of running your own business with the bonus of having a safety net like a private limited company.
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Starting a one-person company is a great choice for solo business owners who want to keep their liability limited and have a company that’s legally recognized. An OPC lets one person run a company while being the only director and shareholder – it’s like having the simplicity of running your own business with the bonus of having a safety net like a private limited company.
At Vyapar Saathi, we make the process of registering your OPC really straightforward. We’re here to help you every step of the way, from getting your papers together to the final steps of filing them. Our team knows all the ins and outs and will guide you, so you can make smart choices about your company.
Ready to start your business journey? Reach out to Vyapar Saathi today!
The idea of a one-person company in India is pretty new. It was introduced in the Companies Act of 2013. This lets a single person start up a company while reaping the perks of both being a solo owner and having a company. It was made to support entrepreneurs and help small businesses get more formal and recognized. As per the law, a company can be started with just one person who can be the director and the shareholder at the same time.
Your one-person company becomes its own legal person. This means your company is responsible for its debts, not you. So, your personal stuff like your house or savings is safe if the company has financial issues.
If you need money to grow your business, it’s easier to get loans or investments because you're a private company. This is harder if you're just a single owner without a company.
Running a one-person company means less paperwork and formalities. The government doesn’t ask for as many reports and meetings compared to bigger companies.
You can set up your company all by yourself. You only need to have a backup person (nominee) in case you can’t run the company. Also, you don’t need a lot of money to start – just enough to get the business going.
Since you're the only boss, you can make decisions fast. There's no waiting for others to agree, so you can get things done quickly and the way you want.
Your company doesn’t stop if you’re not there. It keeps running even if you have to step away, thanks to the rules that keep the company going without interruption.
With Vyapar Saathi, setting up a one-person company is hassle-free. We’re here to help you make your business official and successful. Contact us, and let’s get started on your dream company today!
First, you need to get a digital signature. This is like an online pen for signing forms on the internet. It’s needed for the person who will be the main person in the company (director).
Next, the director needs to get a special number called the Director Identification Number (DIN). It's like an ID card for company directors. You can get this from the government's company affairs department.
You have to choose a unique name for your company. This name should not be the same or too similar to any other company or trademark. You use the SPICe+ form on the government's company affairs website to ask if you can use this name.
Write down the rules for your company (called the Memorandum of Association or MOA) and how it will work (called the Articles of Association or AOA). These are very important documents for your company.
Now, put together all your papers and fill in the forms on the government's company affairs website. You need to attach your company rules (MOA and AOA), say who the company's backup person (nominee) is, and where the company's main office will be, among other things.
After you send in all the forms and papers, the Registrar of Companies will check everything. If all is good, they will give you a Certificate of Incorporation. This is like a birth certificate for your company. It means your company is officially created. You will also get the PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) for your company at the same time, so you don't have to apply for these separately.
And that’s it! Your one-person company is now set up and ready to do business. If you need help or have any questions, just reach out to us. We are here to help you at every step.
This is the Memorandum of Association (MoA). It talks about what your company is going to do.
The Articles of Association (AoA) is a paper that has the rules on how your company will run.
You must give details about the person who will take over if something happens to the director. You'll need to fill out a special form (Form INC-3) and give the nominee's PAN card and Aadhaar card.
You must show where your company is located.
The person who is going to be the director has to fill out a declaration (Form INC-9) and a consent form (Form DIR-2) to say they agree to be the director.
A professional (like a lawyer or accountant) must sign a paper saying that you have done everything the law requires to start your company.
Starting a LLP is now easy and online. With Vyapar Saathi, you don’t need to step out of your house. We’ll do everything online and finish the whole process in just 14 days.
📞 Reach Out to Vyapar Saathi Experts Now or dial +918962784899 for immediate assistance.
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