ONE PERSON COMPANY

A One Person Company (OPC) is a legal business entity structure that allows a single individual to operate a company with limited liability.

  1. Single Owner: As the name suggests, an OPC is owned by a single person. This individual is the sole shareholder and director of the company. This allows for full control and decision-making authority.
  2. Limited Liability: One of the primary advantages of an OPC is that it provides limited liability to the owner. This means that the personal assets of the owner are separate from the assets of the company. In case of any financial liabilities or legal issues, the owner’s personal assets are generally protected.
  3. Corporate Structure: Despite having only one owner, an OPC is a separate legal entity, distinct from its owner. This gives the OPC the ability to enter into contracts, acquire assets, and incur liabilities in its own name.