Q. What are major advantages (pros) of One Person Company (OPC)?

One Person Company (OPC) registration is the first step to start your business in India. It provides you basic identity and basic documentation based upon that you can do multiple activities like opening bank account, taking space on lease etc. Here are some major advantages of One Person Company (OPC) Registration:

• It helps you to protect your personal assets and keeps your liability limited.
• It provides separate legal entity status and which makes easier for you to have loan funding.
• One Person Company is registered form of business better than sole proprietorship.