The Companies Act, 2013 introduced the concept of One Person Company in India for the entrepreneurs to start their own venture by allowing them to create a single person economic entity. One of the biggest advantages of a One Person Company (OPC) is that there can be only one member in an OPC, while a minimum of two members is required for incorporating and maintaining a Private Limited Company or a Limited Liability Partnership (LLP). Similar to a Company, a One Person Company is a separate legal entity from its promoter, offering limited liability protection to its sole shareholder, while having continuity of business and being easy to incorporate.
If you are the only one who wants to start your company and want to avoid the issues of partnership then you must go with One Person Company registration in India. It is one of the business formations introduced to help individuals in running a business.
