Brief about service
ABOUT
One Person Company (OPC) registration is a legal process that enables an individual to establish a company and run it as a separate legal entity. Introduced in India as a part of the Companies Act, 2013, OPC registration provides several advantages to sole proprietors by combining the benefits of a private limited company with the simplicity of a sole proprietorship.
OPC registration allows a single individual to incorporate a company with limited liability. This means that the owner's personal assets are protected, and their liability is limited to the extent of their investment in the company. It provides a distinct legal identity to the business, which helps build credibility and trust among clients, suppliers, and potential investors.
Advantages of service
Limited Liability
One of the key advantages of OPC registration is the concept of limited liability. As a sole proprietor, your personal assets are at risk in case of business debts or legal obligations. However, with OPC registration, your liability is limited to the extent of your investment in the company. This provides a crucial layer of protection for your personal assets.
Separate Legal Entity
OPC registration grants your business a separate legal identity. This means that the company is treated as a distinct entity in the eyes of the law, separate from its owner. Having a separate legal entity enhances credibility, facilitates easier access to funding, and instills trust among clients, suppliers, and potential business partners.
Continuity and Perpetual Existence
Unlike sole proprietorships, OPCs have perpetual existence. The death or incapacity of the owner does not affect the company's existence or operations. This ensures business continuity, allowing the OPC to continue its activities seamlessly. Moreover, the appointment of a nominee during the registration process ensures a smooth transition of management in case of any unforeseen circumstances.
Easy Funding and Investment Opportunities
OPC registration opens doors to investment opportunities and easier access to funding. As an OPC, you can issue shares and attract potential investors. This allows you to raise capital for business expansion, invest in new ventures, or fuel innovation. The ability to raise funds through equity dilution provides a significant advantage over sole proprietorships, where financial resources are often limited.
Tax Benefits
OPCs enjoy several tax benefits. They are subject to corporate tax rates, which are often more favorable than the income tax rates for individuals. Additionally, OPCs can claim various business-related deductions and exemptions, reducing their overall tax liability. Proper tax planning and compliance can lead to significant cost savings and improved financial efficiency.
Enhanced Business Opportunities
OPC registration enhances business opportunities and opens doors to new ventures. Being recognized as a company, you can participate in government tenders, enter into contracts, and engage in various business activities that may require a company structure. This widens your market reach, provides access to larger projects, and helps establish strategic partnerships, ultimately fostering business growth and success.
Limited Liability
One of the key advantages of OPC registration is the concept of limited liability. As a sole proprietor, your personal assets are at risk in case of business debts or legal obligations. However, with OPC registration, your liability is limited to the extent of your investment in the company. This provides a crucial layer of protection for your personal assets.
Separate Legal Entity
OPC registration grants your business a separate legal identity. This means that the company is treated as a distinct entity in the eyes of the law, separate from its owner. Having a separate legal entity enhances credibility, facilitates easier access to funding, and instills trust among clients, suppliers, and potential business partners.
Continuity and Perpetual Existence
Unlike sole proprietorships, OPCs have perpetual existence. The death or incapacity of the owner does not affect the company's existence or operations. This ensures business continuity, allowing the OPC to continue its activities seamlessly. Moreover, the appointment of a nominee during the registration process ensures a smooth transition of management in case of any unforeseen circumstances.
Easy Funding and Investment Opportunities
OPC registration opens doors to investment opportunities and easier access to funding. As an OPC, you can issue shares and attract potential investors. This allows you to raise capital for business expansion, invest in new ventures, or fuel innovation. The ability to raise funds through equity dilution provides a significant advantage over sole proprietorships, where financial resources are often limited.
Tax Benefits
OPCs enjoy several tax benefits. They are subject to corporate tax rates, which are often more favorable than the income tax rates for individuals. Additionally, OPCs can claim various business-related deductions and exemptions, reducing their overall tax liability. Proper tax planning and compliance can lead to significant cost savings and improved financial efficiency.
Enhanced Business Opportunities
OPC registration enhances business opportunities and opens doors to new ventures. Being recognized as a company, you can participate in government tenders, enter into contracts, and engage in various business activities that may require a company structure. This widens your market reach, provides access to larger projects, and helps establish strategic partnerships, ultimately fostering business growth and success.
Quickest way for OPC
Name Approval Application
An application to seek authorization for a desired name.
DSC Application
An application related to Digital Signature Certificates.
Preparation of Company Registration Documentation
Compiling necessary documents for official company registration.
Applying the Company Registration on MCA Portal
Submission of company registration details on the MCA website.
Sharing the Certificate of Incorporation Certificate
Providing the official document confirming company registration.
Name Approval Application
An application to seek authorization for a desired name.
DSC Application
An application related to Digital Signature Certificates.
Preparation of Company Registration Documentation
Compiling necessary documents for official company registration.
Applying the Company Registration on MCA Portal
Submission of company registration details on the MCA website.
Sharing the Certificate of Incorporation Certificate
Providing the official document confirming company registration.
How it works
Plans
Basic
- Certificate of Incorporation
- CIN Number
- 2 Name Approval Run
- UPTO 1 Lakh Capital
- Incorporation Fees
- Stamp Duty
- PAN
- TDS Registration
- Certificate of Commencement of Business
- AOA and MOA
- 2 Digital Signature
Testimonials
Check out some of our Client Reviews
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I have been availing TaxWisey’s ITR filing service for 2 years and till now it's been a marvelous experience. The firm is composed of highly professional, prompt, efficient and courteous people. I would definitely recommend everyone to go for their services. Keep up the great work!
Deeply appreciated the expertise offered by the professionals of TaxWisey. You guys are awesome. You not only helped me in present taxes but also kept me updated on tax changes and how to prepare myself for next year. I’m sure that the team will touch new heights in the upcoming future. Good Luck!
I sincerely thank TaxWisey for their valuable insights and customized handling of our tax compliances including matters relating to ITR and GST. They have great people, knowledgeable, caring with professionalism. I have my tax problems solved and now I don’t have to worry about the headache of maintaining compliances.
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My relationship with TaxWisey began because I needed someone to assist me on my accounting needs, but it briskly expanded and has now advanced into something so valuable that I wouldn’t make a move without it. I would highly recommend TaxWisey. They make it all seem do-able, impeccable and hassle-free.
All your Questions answered in one place
Why choose us
End to End Solution
TaxWisey offers you end-to-end solution to all your tax and business compliance problems with the help of our in-house tax experts in an user-friendly, comfortable and secure environment so that you can take the utmost advantage of the same
Affordable Prices
Usually, “professional” is inferred as “costly,” but this is not not the case at TaxWisey! By Giving us an opportunity to serve, you would be considering it as an additional cost, but on the contrary we can actually save lots of money for our clients.
Quick Support
You can connect with our customer support team to get assistance and clear your tax and finance related queries. Drop us a call for FREE Consultation anytime.
Timely Returns
Our assets are our clients. Our talented, resourceful and spirited people are the very best technically in terms of competence, always with an eye towards service and timeliness. That is our guarantee.
Accuracy
Our services are tailored in line professional ethics and confidentiality to simplify finances, save money and time. Every piece of work is checked for completeness and accuracy. The data entered goes through a robust system of scrutiny designed by our experts.
Tax Filing Guidance
A highly automated and user-friendly interface to ease your tax return preparation and filing. Our experts ensure that you get the maximum possible tax refund and exemption and do not pay more than you owe.
No Hidden charge
The charges of our mentioned services shall be inclusive of all overhead costs and there are no other expenses or costs involved of any nature. We reassure you that we stick to the fees we quote and there are no hidden costs.
Privacy
Our platform has several security layers that keep your data safe & secure. We strictly adhere to legal guidelines of data security and make sure that is given top priority.
Money Back Guarantee
Our money back introductory scheme clearly indicates our unselfishness. We value our clients' satisfaction and hence, we offer further refunds if we are for some reasons, unable to cohere to the annual timetable as per commitment.
