One Person Company

A One Person Company (OPC) is a relatively new business structure in India, introduced under the Companies Act, 2013. It allows a single individual to establish a formal company, bridging the gap between a sole proprietorship and a private limited company. The key benefit of an OPC is that it provides the owner with limited liability, meaning their personal assets are protected from the business’s debts and losses. An OPC also enjoys separate legal entity status and perpetual succession, ensuring the business continues even if something happens to the owner (through a nominated individual). This structure offers a more professional image and makes it easier to raise funds compared to a sole proprietorship, while still maintaining complete control for the single owner.