One Person Company (OPC) Registration in Vadapalani - Filingpoint


Welcome to Filingpoint One Person Company Registration Expert +91 72999 72500

Filingpoint One Person Company Registration in Vadapalani is an easy-to-implement business structure that allows you to separate your personal finances from your business, and provides limited liability protection. It also eliminates the need to file annual performance reports, allowing you to focus on running your business.

Unlike sole proprietorship, OPCs are legally recognised as separate entities by the law. They can own, enjoy and alienate properties in its name such as machinery, buildings, intangible assets and land or residential property for the office of the company, etc. Moreover, the owner of an OPC can easily transfer ownership in the company by altering the shareholding, directorship and nominee director information.

To start an OPC, you need a minimum of 1 shareholder (Director) and a maximum of 15 Directors. The shareholder should be a natural person who has been resident in India for 182 days or more during the preceding financial year. Moreover, the Company should have a valid PAN and Aadhaar to file for OPC registrtaion.

OPC is a great option for entrepreneurs looking to start small businesses with a minimal amount of capital. It allows you to have a distinct legal identity, which opens up the door for greater access to capital and opportunities. However, if your business is growing quickly, OPC may not be a suitable structure for you. You will need to convert your OPC into a Private Limited Company before adding more shareholders, or if your paid-up capital exceeds Rs 50 lakh or your average annual turnover is over Rs 2 crore in the 3 immediately preceding financial years.

Contact Filingpoint One Person Company Registration Expert +91 72999 72500

Comments

Post a Comment

Popular posts from this blog

The Benefits of Private Limited for Annual Filing in Chennai

Image
The Benefits of Private Limited for Annual Filing in Chennai A private limited company is a legal entity with its own identity. Its owner is protected from liability to the company or its creditors. It has the ability to raise funds from venture capitalists or other financial investors. Moreover, it provides the image of a legitimate and safe business to banks and other financial institutions. A private limited company is an ideal choice for a startup. It is quick to start and easy to incorporate. However, it requires a number of steps to ensure its annual compliance. The steps include obtaining a Director Identification Number (DIN) and filing mandatory ROC forms. In addition, a private limited company must also meet certain legal requirements. In the first place, the company must be registered with the Registrar of Companies. This is the entity that will issue the Incorporation Certificate. Besides, a company must circulate its financial statements at least ...
Read more

Software Company Registration Consultants in Goundampalayam, Coimbatore

Image
Call Our Consultants Experts for Software Company Registration in Goundampalayam, Coimbatore at +91 72999 72500 Located in the vibrant city of Coimbatore, Goundampalayam is rapidly emerging as a hub for software companies. For entrepreneurs looking to establish a software company in this region, navigating the legal and administrative requirements can be daunting. This is where professional software company registration consultants like FilingPoint Consultants come into play.   FilingPoint Consultants in Goundampalayam, Coimbatore, specialize in guiding businesses through the process of company registration , offering expert services to ensure a smooth and hassle-free experience. They provide comprehensive assistance, from understanding the initial requirements to completing the necessary paperwork and filing procedures.   How to Register Software Company in Goundampalayam, Coimbatore Consultation: Begin with a consultation to understand the legal structure suitab...
Read more

The Role of Liability Insurance for Startups Operating Under Different Business Structures

Image
Call our filingpoint experts at +91 72999 72500 or visit https://filingpoint.com Introduction: Liability insurance plays a crucial role in safeguarding startups across various business structures. Whether operating as a sole proprietorship, partnership,Limited Liability Partnership(LLP), or Private Limited Company, startups face risks that could potentially lead to financial loss or legal liabilities. At FilingPoint, we understand the significance of looking beyond immediate needs and consulting the choosing a best business structure.   Here’s a breakdown of how liability insurance serves each business structure:   Sole Proprietorship: §   In this structure, the business and the owner are considered one entity. Liability insurance for sole proprietors protects personal assets from business-related claims, including property damage, bodily injury, or lawsuits arising from negligence.   Partnership: §   Liability insurance for partnerships ext...
Read more