OPC means a company having single shareholder or member. It is classified by the law under private company and all the provisions applicable on private are applicable on OPC unless expressly excluded.
REASONS FOR CHOOSING OPC –
- Single Owner
- Separate legal entity
- OPC can raise funds through venture capital, financial institutions, angel investors, etc. An OPC can raise funds thus graduating itself to a private limited company.
- A corporate entity enjoys the increased trust and prestige