A One Person Company (OPC) is a type of business structure that allows a single individual to run a company with limited liability protection. Introduced in India through the Companies Act, 2013, an OPC combines the benefits of a sole proprietorship and a company. It provides the advantage of limited liability while allowing a single person to manage the entire business.
An OPC must have a minimum of one director and one nominee director, and the owner must be an Indian citizen and resident. The company name must end with 'OPC Private Limited'. This structure is ideal for entrepreneurs who want to start a business alone while enjoying the benefits of a corporate structure, including easier access to funding and better credibility in the market.
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