As the name defines it, OPC means that a single person owns and manages a company, providing a combination of flexibility and limited dependency. This article explores the intricacies of OPC formation and defines its benefits for solo entrepreneurs. What is OPC formation? OPC formation is a full-fledged process designed for aspiring business enthusiasts who…
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One-person-company (OPC) formation: Challenges and solutions
In the era of startups and small businesses, the concept of a one-person-company (OPC) has gained significant popularity in India. This innovative business structure allows individuals to own and manage a company entirely by themselves, offering flexibility and limited liability. However, like any entrepreneurial endeavor, one-person-company formation in India comes with its own set of challenges. In…