One Person Company Incorporation

Transcription

1 One Person Company Incorporation Copyright All Rights Reserved -

2 ABOUT ONE PERSON COMPANY OPC is a new concept in India but it s already on trending among the community of solopreneurs and freelancers who want to do a business at their own terms and conditions. It is best suitable for those who want to incorporate a company but don t want to share stake holding in his/her company, in short, it is best for a one man army who wants all power and rights of the company in his/her hand. With this business type, number of solopreneurs and freelancers are taking economy to a next level; not only they are creating a legal entity but also it is more professional than a sole proprietorship business in any market. The reason OPC is on trending in INDIA is because of its various characteristics, an ever-increasing number of entrepreneurs, solopreneurs and freelancers are coming up and setting up their businesses as this business type because number of compliances relaxation available to this business type and there is no intervention from third parties. Key features of an OPC Single Owner Separate Legal entity Less Compliances in comparison to private ltd and public ltd Limited Liability Property Rights Less Paper work Exemption from number of legal compliances Perpetual Succession Borrowing capacity

3 5 REASONS Why choose a one person company 1. Easy to form Time taken to incorporate a one person company is comparatively lesser than incorporation of private ltd company or incorporation of LLP. 2. Legal Recognition of Business OPC is basically a private ltd company in its legal structure and in fact it is one of the most famous business forms internationally and it enjoys the same recognition as well as corporate status as a private limited company does. This enables them to hire a quality workforce and giving them a corporate environment and corporate designation which is not possible in sole proprietorship. 3.Relaxationfrom several compliances An OPC enjoys exemption from various legal and financial compliances in comparison to a private ltd or public ltd company like Holding of Annual General Meeting, Board Meetings, Chairman Meetings, Quorum for Meetings, Sign on financial statements, voting through electronic means and much more 4. Limited Liability An OPC is a separate legal entity from its owner which also benefits its owner in limiting his/her liability to the extent of his/her share holding in the company and secures his/her personal assets from being attached to any liability of the company. This means that any asset, liability, loss or debts arising out of course of business will not impact personal assets/wealth of entrepreneur 5.One Man Army- Complete Control One person company enables in faster decision making and faster execution of work on company s business agenda since the power of decision taking is in the hand of single person this also increases business s work efficiency ultimately benefitting the company in savings management costs

4 COMPARE LEGAL FORM Factors for/of comparison OPC Public Ltd Private Ltd LLP Partnership Firm Sole Proprietorship Recommended For One man army Open for Public- Wants to Raise Funds From Public Start-up and Growing Partnersh ip firm with legal shield Team Players Individuals Limited Liability Protection Whether business name secure? Perpetual Succession Yes Yes Yes Yes No No Yes Yes Yes Yes No No Yes Yes Yes Yes No No Tax on Profit Equity Not Possible Possible Possible Not Not Possible Not Possible Funding Possible Loan & Borrowings Audit Requirement Easy Easy Easy Difficult Difficult Difficult Mandatory Mandatory Mandatory If annual turnover exceeds Rs.40 Lacs or Capital exceeds Rs.25 Lacs If annual turnover exceeds Rs.1 crore If annual turnover exceeds Rs.1 crore Statutory Compliances High High High Low In Comparis on Low Low Know More Click here Click here Click here Click here Click here

5 Our Process Upload Documents You are required to upload requisite documents & Information to our web portal STEP 01 Pay Online STEP 02 Choose package as per your requirement and make online payment The Ideation After your order is placed, A task shall be assigned to one of our dedicated professional who will take care of your assignment till completion, and with whom you may communicate anytime and track status STEP 03 The Initiation Our dedicated professional applies for Digital Signature and Director Identification Number of all proposed directors and check the availability of proposed STEP 04 company s Name The Submission After company name is approved by ROC, we will prepare and file MOA, AOA and other necessary incorporation documents.. STEP 05 The Delivery We will obtain Certificate of Incorporation, PAN &TAN and Deliver all original incorporation documents at your doorstep

6 DOCUMENTS REQUIRED FOR ONE PERSON COMPANY INCORPORATION 1 6 Proposed Company Name Provide name according to preference 2 Objects of proposed company Describe nature of business 3 Details of director Photo in JPEG format Copy of PAN Mobile no id Place of birth Address proof* and Identity Proof** All documents should be self attested copies by respective directors 4 Address proof for company registered office Latest electricity or any other utility bill in the name of owner NOC from Owner(format attached) Utility bill should not be older than 2 months Are You Ready With Your Information? Let s Incorporate Your One Person Company!!! UPLOAD NOW Call Now For Free Consultation

7 OUR PACKAGES

8 WHY CHOOSE US? E-Startup India is a dedicated team of highly professional CA, CS and Advocates driving towards integration of technology with traditional practices to cater small businesses, start-ups and MSMEs throughout their business journey in today s fast moving and cost effective world. As Indian economy is moving towards a digital era with an electrifying pace & where digital devices become a core tool for every business. E-Startup India make it simple for every businessman to sort out their legal, tax and financial compliances online while sitting at their place and get it done within a time bound and cost effective manner. E-Startup India aims to serve you just like a traditional chartered accountant does, in your entire business journey, with a great personalization and at half of their price. How? We will serve you with the same personalization just like a traditional CA/CS/Advocate does We will always be there for you, from starting a business, throughout the business and in your entire business journey Remind you about all compliance due dates in advance over the Clear all your small doubts directly from experts over the phone Assist you in doing all types of legal, financial and operational compliances Follow us on Social Media

9 Post All Your Business Related Queries Here Our Experts Will Answer It within 24 Hours To know more visit us at Disclaimer: This document is for general guidance and informational purposes only, and does not constitute professional advice. You should not act upon the information contained in this communication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this communication, and, to the extent permitted by law, E-Startup India, its members, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this document, or for any decision based on it. Without prior permission of E-Startup India, this communication may not be quoted in whole or in part or otherwise referred to in any document.

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