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A One Person Company (OPC) is a unique business structure introduced under the Companies Act, 2013, designed for solo entrepreneurs who want to operate with limited liability and full control. Unlike other companies, an OPC can be formed by a single individual who acts as both shareholder and director. An OPC is a separate legal entity, meaning the company can own assets, enter into contracts, and sue or be sued in its own name. The personal assets of the owner are protected, as liability is limited to the amount invested in the company. This structure is ideal for small businesses, freelancers, and individual founders who want the benefits of a corporate entity without involving partners. OPC also enjoys better credibility with banks, clients, and vendors, making it easier to grow professionally while maintaining complete ownership.
One Person Company (OPC) is designed for individual entrepreneurs who want the benefits of a private limited company without partners.
PAN of the sole director & shareholder
Aadhaar / Passport / Voter ID
Utility bill or bank statement (latest)
Consent & documents of nominee
Provide personal & business information
All documents verified by experts
Forms filed with MCA & DSC used
Receive OPC incorporation certificate
Only one shareholder is allowed
The member must be an Indian resident
Must be 18 years or older
A nominee must be appointed at incorporation
One Person Company offers the perfect balance of sole ownership and corporate benefits.
OPC has a legal identity distinct from its owner, ensuring professional recognition.
Personal assets remain protected as liability is limited to capital invested.
The sole member enjoys full ownership and decision-making power.
Enhances trust among banks, vendors, and customers.
Business continuity is ensured through nominee mechanism.
Fewer compliances compared to Private Limited Companies.
OPC can be converted into Private Limited Company as business grows.
Best suited for individual founders and professionals.
| Particulars | OPC | Private Limited Company | Proprietorship | LLP | Partnership Firm |
|---|---|---|---|---|---|
| Act | Companies Act, 2013 | Companies Act, 2013 | No Specific Act | LLP Act, 2008 | Indian Partnership Act, 1932 |
| Registration Requirement | Mandatory | Mandatory | Optional | Mandatory | Optional |
| Number of Members | 1 | 2 – 200 | 1 | 2 or more | 2 – 20 |
| Number of Directors / Partners | 1 Director | Minimum 2 Directors | Proprietor | Minimum 2 Partners | Minimum 2 Partners |
| Separate Legal Entity | Yes | Yes | No | Yes | No |
| Liability Protection | Limited | Limited | Unlimited | Limited | Unlimited |
| Statutory Audit | Mandatory | Mandatory | Not Required | Conditional | Not Required |
| Ownership Transfer Ability | Not Allowed | Easy | Not Allowed | Allowed | Restricted |
| Uninterrupted Existence | Yes | Yes | No | Yes | No |
| Foreign Participation | Not Allowed | Allowed | Not Allowed | Allowed | Not Allowed |
| Tax Rates | 22% – 25% | 22% – 25% | As per Slab | 30% | As per Slab |
| Statutory Compliance | Moderate | High | Low | Moderate | Low |
Filing of annual returns and financial statements with the Ministry of Corporate Affairs (MCA).
At least one board meeting is required in each half of the financial year.
Mandatory audit of accounts by a Chartered Accountant every financial year.
Timely filing of OPC income tax returns and payment of applicable taxes.
GST registration and periodic return filing if turnover exceeds the prescribed limit.
Annual DIR-3 KYC filing for the sole director to keep details updated.
Any change in nominee details must be filed with MCA promptly.
Maintaining proper books of accounts and statutory registers as per Companies Act, 2013.
A One Person Company (OPC) is an ideal business structure for solo entrepreneurs who want complete control along with limited liability protection.
With simplified compliance requirements and professional credibility, OPC helps individuals grow their business confidently while staying legally secure.
Qualified professionals ensuring accurate and compliant services.
Personal assistance from start to finish of every service.
Thousands of happy clients across India trust Bikramatax.
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A One Person Company (OPC) is a business structure that allows a single individual to run a company with limited liability and a separate legal identity under the Companies Act, 2013.
Only an Indian citizen and resident who is at least 18 years old can register an OPC. The individual must also appoint a nominee at the time of incorporation.
Documents include PAN, Aadhaar, address proof, passport-size photo of the sole director, registered office proof, and nominee’s consent with documents.
OPC registration generally takes 7–12 working days, depending on document verification and MCA approval timelines.
Yes, an OPC can be converted into a Private Limited Company once the business grows or when statutory conditions are met, as per Companies Act provisions.
You can get started by contacting us via call, WhatsApp, or email. Our experts will assist you through the complete OPC registration process.