One Person Company

Register One Person Company

One Point Compliance LLP is glad to help you out in registering One Person Company for turning out in the right platform. This concept itself is a new and trending as it has acquired as a legal registration in the recent time.

One person company allows a lone entrepreneur functions with the corporate entity with the limited liability charges applied to its shareholders.

Registering a One Person company is like a breeze when you get assistance from One Point Compliance. The director must submit the Identity proof and address proof which is mandatory for the documented procedure. We also demand to submit the Identity proof and Address proof of the Nominee director as well. PAN Card for both of them is necessary Other than which, as a company, you shall submit the address proof of the registered office.

One Person Company

What is One Person Company?

Section 2(62) of the Companies Act, 2013 (“Act”) defines OPC as a company which has only one person as a member. It allows anyone who has a capacity to start a single economic entity or a venture. The owner will take up the sole person who can incorporate the ideas while in Private Limited Company or Public Limited Company; you need at least two members and more. It is also considered to be the generous parting gift after retirement. It has only one person who will act as both director and shareholder. It is blankly a hybrid business structure where it combines sole proprietorship and company form of business also.

OPC also have the certain limitation regarding the registration process. The owner of the company should nominate one person as ‘Nominee’ in the event of death, incapacity, etc. who will- (a) become a member of OPC; (b) be entitled to all shares of the OPC, and (c) bear all liabilities of OPC. However, written consent of such Nominee to act as nominee must be obtained and filed with the RoC at the time of incorporation along with MoA and AoA.. However, this might be possible with One Point Compliance LLP in the most effective manner.

OPC is a single entity hence the identity of the owner is not lost. The company has more opportunity to extend its venture and funds through some of the angel investors by inviting them. You may also get a loan in case of a bad low credit rating. It encourages the small entrepreneurs to carry out the ideas in the large market without any burden.

LEGAL COMPLIANCE TO BE MET

Bank Account: The owners should start a bank account in the company or firm name. The Limited Liability Partnership agreement will also be submitted in case any of your shareholders have hand over the bank operations.

Business license: The Company should have a registered Office. To prove that you are running the company in a particular place, you must submit a recent copy of electricity bill or water tax bill. The landlord copy of no objection to run the business in their place should be produced.

Tax registration: (GST Registration)

From 1st July 2017, the government of India imposed the GST on all the businesses. GST is basically a uniform tax which replaces the various taxes like Service Tax | VAT/CST Registration or TIN Number etc.

Depending on the yearly turnover, getting registered under GST has become mandatory. With a yearly turnover of more than 20Lakhs (10 lakhs for northeastern states) the companies are required to register for GST.

Documents Required for GST registration:

1 Aadhar Card Copy

2 Pan Card Copy

3 Personal Bank Statement Copy/Cancelled Cheque

4 Copy of Electricity Bill of owner's office or business premises.

5 Passport Size Photograph


Get Started

Why A One Person Company

More Opportunities and Liabilities

Since the liability of the One Person Company is limited to the extent of the value of the share you hold, the opportunity for taking business and financial risks as an individual is more. But this will at any cost does not affect your personal assets or loss. Hence, the companies which is a brand new and startup entrepreneurs can use this as a benefit policy for the operation of the business.

Small Scale Business Benefits

A One Person Company shall be treated as a Small Scale industry that has low rate of interest on loans. Security is not a necessary concern that has to be produced for the receiving funds from the banks. Without any security deposit of certain limit, under Foreign Trade policy, the company shall enjoy enoromous benefits. It is definitely a gift grant for OPC in initial years.

Tax and Interest

Unlike proprietorship the income tax will be deducted for the reimbursement or remuneration given to the director. After a duration buyer or receiver receiving the delay in payment will be getting interest that is three time higher the value of the bank rate. Presumptive taxation has also other benefits stated under income tax act.

Earning Trust

The business entity like company or firm is always subjected to the value of trust and dignity to maintain with their valuable stakeholders.

Most Competitive Pricing

Documents Required for GST registration:-

# 1 Aadhar Card Copy

# 2 Pan Card Copy

# 3 Personal Bank Statement Copy/Cancelled Cheque

# 4 Copy of Electricity Bill of owner's office or business premises.

#5 Passport Size Photograph


Get Started

How Can We Help

One Point Compliance LLPis a trusted name for all legal and regulatory services. We have defined our services to fit clients from all walks of life. Whether you are an entrepreneur or an established businessman, our services literally make law easy for you.


Consult-It's Free!

If you are confused and looking for answers for questions related to business registration, tax filing or compliance, we are here to help.

Just reach us and we are sure to provide you with ample legal services.




Lets Talk

Get Started
company incorporation in Delhi NCr1

We Prepare

All our services are delivered with timeliness, without any compromise in quality as we value the price of your time.
company incorporation in Delhi NCr2

We Analyze

With individualistic approach we do a thorough study of each case so that we can serve our client to the extremity of their expectations.
company incorporation in Delhi NCr4

We Deliver

We prepare entrepreneurs to do business in a formal and legal way by getting them registered under MSME guidelines.
company incorporation in Delhi NCr3

We Consult

Our experience equipped consultants provide free consultancy to clients and guide them with an absolutely right solution.

Our Esteemed Clients

  • company incorporation in Delhi NCr
  • company incorporation in Delhi NCr
  • company registration in delhi ncr
  • LLP Registration In Delhi NCR
  • company registration in delhi ncr
  • company registration in delhi ncr

What Some of Our Clients Say

  • CLIENT 1
    If starting a startup is your dream, but legal hassles keeps you at bay I definitely recommend Onepointcompliance. The team has the same energy as any young startup.
    Ashmita
    Entrepreneur
  • client-3
    Tax filing has been a nuisance for me since the very beginning. It’s very comforting to have the reliable service of Onepointcompliance at such affordable prices. Now I only focus on growing my business and not tax filing.
    Mahesh Raghav
    Exporter
  • client-2
    I am into digital product production and marketing and for me copyright and trademark registration is an often needed service. I am glad to have found Onepointcompliance, as they are hands down the best out there.
    Nakul
    Web Designer

Our Motto-What We Want For Our Clients

Our motto is to help create businesses that are in full compliance with the law and have best management for high levels of economic value.

When someone asks what we do differently at One Point Compliance, we are tempted to detail our proven record of providing legal and regulatory assistance to entrepreneurs, startups and corporate to become better at compliances and come out as the better versions of themselves.

We do not provide generic solutions but we look at every business and entity from a management perspective to unearth the right and most fitting solutions. You will never have to settle for run-of-the-mill legal and compliance solutions because we approach and recommend solutions that are highly customized.

We Make Law Easy is not just another tag line, but it is a true statement of our commitment to provide quick and actionable solutions for our clients.