A One Person Company is a unique business structure that allows individual entrepreneurs to operate as a separate legal entity, enjoying the benefits of limited liability and full control over business operations. At startup legal advisor we recognize the significance of empowering solo entrepreneurs to pursue their business dreams with confidence and legal protection.
Why Choose startup legal advisor
- Simplified Processes: Startup Legal Advisor streamlines the registration and compliance processes, making it easy for solo entrepreneurs to establish and manage their One Person Companies.
- Legal Expertise: Benefit from our legal expertise in OPC formation, compliance, and ongoing legal requirements. We prioritize minimizing legal risks and ensuring a secure business environment.
- Personalized Service: We understand the individuality of each OPC and provide personalized services that align with the specific needs and goals of the entrepreneur.
- Efficiency: Our streamlined processes and efficient services are designed to save time, allowing sole entrepreneurs to focus on business operations and growth.
- Transparency: We maintain transparency in all our dealings, ensuring that sole entrepreneurs have a clear understanding of the services provided, associated costs, and the overall status of their One Person Company.
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You need to arrange very simple details of director like photograph, Pan card and one address proof. For more details, please fill the above details and Get Started Now.
No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company. This office address can be changed at any time after incorporation of OPC. Once your startup is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.
Director Identification Number (DIN) is a unique identification number required for a person to become a director of a company. DIN is issued by ROC office (Ministry of Corporate Affairs) It is similar to a PAN Card number.DIN is to be mentioned in documents while appointing a person as a director of a company.
A digital signature is electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for incorporation of Company. Digital Signature cannot be used in physical documents.
MOA means Memorandum of Association and AOA means Articles of Association. These are the byelaws or rules based on which important matters like main business of the company or meetings is decided. These are standard legal documents prepared by Company Secretaries during registration of the Company.
Capital means investment made by the shareholder into OPC. Authorised capital is an amount up to which company can issue shares. This capital is mentioned during incorporation of the company based on which ROC registration fees and stamp duty is paid. Paid up capital is an actual investment which goes from shareholder into company bank account, against which share certificate is issue by the company. There is no minimum compulsion for paid up capital, it can be as low as Rs. 10,000
No. After company is registered, it need to open a company bank account and then anytime within two months of incorporation, capital can be deposited into Company bank account.
This is not true, a Private limited company is one of the mode of doing business, which means it can be started from scratch. For that matter even after incorporating a private limited there is no obligation that the company must have sales or turnover.
There is no automatic applicability. Provident Fund (PF), GST law applicability is same for all types of businesses like sole proprietorship, partnership firms and companies. These laws are applicable only after crossing certain threshold limits.
