One Person Company (OPC) is a type of company structure introduced in India under the Companies Act, 2013, to encourage entrepreneurship and provide a legal structure for small businesses owned and managed by a single person.
One Person Company is a hybrid structure that combines the benefits of a sole proprietorship and a private limited company. It has only one owner who is also the director of the company. The liability of the owner is limited to the amount invested in the company, and personal assets of the owner are not at risk in case of business losses.
OPC is a suitable option for entrepreneurs who want to start a small business with limited liability and without the hassles of managing a board of directors or shareholders.
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