One Person Company

An Overview of One-Man Company

Prior to the adoption of the Companies Act of 2013, a company could only be formed by two persons. In India, the Companies Act of 2013 encourages the creation of One Person Companies (OPCs). It controls the formation and operation of a one-person corporation in India. A private business, unlike a public corporation, must have at least two directors and two members; however, a one-person company registration does not require any group of persons to be formed.

Official registration of OPC in India is lawful, according to Section 262 of the Companies Act of 2013. A single director and a single member representing the entire firm are required for one person company formation in India. There are extremely few of this form of organization.

Extend your operations to other nations. Experts from ZPC will walk you through the entire procedure.

Foreign nations include the United States, the United Kingdom, Dubai, Singapore, Canada, Qatar, Russia, Australia, and over 185 more

One Person Company

Submit your application within 10 days.
Transparent procedure, meticulous follow-up, and regular updates

Contact No.

WhatsApp No.

Location

Type of Issue

Click here to recive quick updates on Whatsapp

Click here to receive quick updates on WhatsApp

Required Documents for LLP Registration

The following documents are necessary for LLP registration:

The following papers must be provided by the partners:

PAN card or passport (for NRIs or foreign nationals)
Aadhar card, voter ID, passport, or driver's license
Most recent bank statement/phone bill/mobile bill/electricity bill/gas bill
Photograph in passport size
Blank document with a sample signature.

Note: Please keep in mind that the first three papers must be self-attested by one of the partners.
Foreign nationals or NRIs must have all papers notarised (if currently in India or a Commonwealth country) or apostilled (if from a Commonwealth country).

Types

The Advantages of LLP Incorporation

Here are four primary reasons why individuals prefer LLP formation as a company model:

Limitation of Liability

The members of an LLP registration are only accountable for a tiny portion of the firm's debt. In the event of insolvency, the partners' personal assets will not be considered. Personal assets of directors and partners in proprietorships and partnerships, on the other hand, will be taken if the firm goes bankrupt.

Legal Entity Separate

An LLP is a legal entity distinct from its partners. It has an unbroken existence that follows a permanent succession, i.e., the partners may quit, but the business continues to exist. For the business to dissolve, the conditions of dissolution must be jointly agreed upon.

Adaptable Agreement

It is also straightforward to transfer an LLP's ownership. A person can readily become a designated partner in an LLP, and ownership is transferred to them.

Appropriate for Small Businesses

LLPs with less than 25 lakhs in capital and less than 40 lakhs in annual revenue are exempt from formal audits. As a result, forming an LLP is advantageous for small enterprises and startups.