One Person Company In India
Want to start the business without a partner? But the only option left with the individual is forming a proprietorship firm, rather you want to enjoy the benefits of a Company In order to done away with the above dilemma government has brought up with the new form of business w.e.f, April, 2014 i.e., One Person Company (OPC) registration where a single member and single director can start the business. It enjoys lesser compliance requirement than that of Private Company. For more details visit: https://swaritadvisors.com/one-person-company
Want to start the business without a partner? But the only option left with the individual is forming a proprietorship firm, rather you want to enjoy the benefits of a Company In order to done away with the above dilemma government has brought up with the new form of business w.e.f, April, 2014 i.e., One Person Company (OPC) registration where a single member and single director can start the business. It enjoys lesser compliance requirement than that of Private Company.
For more details visit: https://swaritadvisors.com/one-person-company
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<strong>One</strong> <strong>Person</strong> <strong>Company</strong> <strong>In</strong> <strong>In</strong>dia<br />
Anybody thinking of starting up a company as an entrepreneur making<br />
a choice of going into business all by himself can set up a one person<br />
company. Quite often an entrepreneur would decide to start a one<br />
person company so that he or she could easily keep the quality and<br />
decisions regarding the company well under control. All these kinds of<br />
single entrepreneur often work in solitude. These entrepreneurs are<br />
also often referred to as free agents or freelancers or self employed<br />
individuals. They are sole proprietors or home based business owners.<br />
However not all will be home-based and will have an office for<br />
operations too. It all depends on the type and field of work they are in.<br />
if you wish to get more details then contact our Swarit experts who can<br />
guide you properly all the way.<br />
Being a one person company doesn’t always mean that they will be on<br />
their own. These individuals could plan on collaborating with other<br />
businesses or think of building alliances with other entrepreneurs or<br />
consultants building a network to form their work base in the business<br />
market. Having an outsource or basic work or a certain project related<br />
to their work is the closest they could get to have something like a staff.<br />
Businesses that run as one person company have their owners meeting<br />
certain characteristics following some of them:-<br />
They have their desire of having certain personal freedom which<br />
allows for them to live a certain lifestyle of their choice.<br />
They have a drive and passion for implementing their business<br />
plan and fulfil their personal dreams through it.
They have their strong will to go that extra mile to succeed.<br />
They are extremely usually passionate about what they do.<br />
They are absolutely committed to their ventures.<br />
They are simply comfortable working independently and along<br />
with the use of above the Average technologies like the internet<br />
or the use of voice over IP also known as VOIP.<br />
What is <strong>One</strong> <strong>Person</strong> <strong>Company</strong> Registration?<br />
The concept of <strong>One</strong> <strong>Person</strong> <strong>Company</strong> or OPC introduction is a strong<br />
improvement over sole proprietorship as it provides legal recognition. It<br />
gives an individual, the sole power of controlling and promoting his<br />
work and remarkably reduces the compliances as compared to other<br />
models like private limited company. This one person of the company<br />
will be the only director as well as its own shareholder. This is of course<br />
a nominee director in some cases, have no power over the company<br />
and decisions unless the original director has become incapable. So in<br />
that case, there would not be any chance for raising any equity funds or<br />
for offering any kind of options for employee stocks. Moreover if the<br />
one person company hits an average of a 3 year turnover of a sum of Rs<br />
2 crore and also has paid up the capital of over Rs 50 lakh then this one<br />
person company has to be turned into a private limited company or a<br />
public limited company within the time period of six months.<br />
Source by: http://articlescad.com/article/show/16814
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