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OPC Registration online by a Single Shareholder and single or more directors.
One Person Company Registration will be done within 10-15 Days.
OPC Company Registration benefit for single person if he/she wants to do business with Sole Ownership.
Pros of OPC Company -
Single Ownership
No Impact on Personal Assets
Registered on MCA, which is publicaly disclosed on MCA, people gain trust on your business.
Separate PAN Card, Separate GST Limit, Separate GST Registration
Cons of OPC Company-
Accounting is compulsory
25% Tax Rate flat
Audit is Compulsory
Compliance Cost is high as compared to other Sole Propreitorship.