7 Advantages - Why your Company to be an One Person Company | Company Registration in Chennai
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Advantages of Being a One Person Company than a Proprietorship Firm
What is an One Person Company
As per provision of section 2(62) of the Companies Act, 2013 defined (62) “one person company” means a company which has only one person as member.
For a normal private limited company, it requires a minimum 2 members, this is how a one person company differs from a private limited company. As similar as a proprietorship, it just requires a one member, there cannot be anyone else to share the same.
How one person company is more preferable as compared with Proprietorship
1. Nominee: For creating an OPC, you need to appoint a nominee. On the demise of the opc member, the nominee will take charge of the company, so the company will exist continuously. The nominee
2. Independent legal entity: OPC is considered as a separate Legal Entity; that is to say the company and the owner of the company are considered as two separate bodies. But whereas the Proprietorship firm is not a separate entity, both the proprietor and the form are considered as one. Not even a separate pan card is available for a proprietorship firm.
3. Limited Liability: If the One Person Company undergoes a financial distress because of any reasons, the personal assets of the owner or the member shall not be utilised to pay off the debts of the Company as the liability of the person is limited to its share. But whereas the liability of the Proprietorship firm is un limited
4. Tax Benefits: The proprietor needs to tax first and then utilize the profit for his luxury expenses. But whereas the One Person Company can buy the luxuries such as a Car for the utility of the director and a rented bungalow for the stay of its Director and corporate tax can be paid after deducting the expenses.
5. Separate Property: As the OPC is a separate legal entity, it can hold property on its own. The OPC will become the owner of its assets, and the members will not have any insurable rights in the assets of the company. But whereas the Proprietorship cannot hold a property, either movable or immovable
6. Social Recognition: As One Person Company is a form of Limited Company, it has a big recognition, so the customers and vendors easily build credibility over the company. But whereas the Proprietorship is a normal type of business ownership.
7. Easy Loan from Bank
Banks prefer to lend money to the company, as this is formed by the Companies Act.But a Proprietorship firm faces a huge difficulty to get loans for business through banks.
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So it is ideal to register your startup as a One Person company rather than a proprietary firm. - แนวปฏิบัติและการใช้ชีวิต
Very useful information.thanks for sharing
Thank you for your immediate response sir.
Sir very very useful information I am from bangalore
It was a Great feeling hearing your knowledgeable words
Super advice sir, grow indian
Very thank you sir
Best for Starters
It was excellent explanation, It possible to start OPC for investment in stock market. Kindly advise sir
Hi sir, can you please put an video about management roles for a newly startup company
Superb sir
Excellent explanation sir👍👌👏
Thanks a lot bro
Bro please put a vedio of how to start a spcae company
Excellent sir
Thanks a lot bro
நன்றி சார்
🙏
Sir pls check on property buying point on what you said
A sole proprietorship can buy a vechile in his firm name
How to start a space company
hai sir,
MEMS licence vanguna address ah change Panna mudium ah sir
becoz i have changed my company to other place
Kindly share what is differents between listed and non listed company,if we asked loan,people are saying like the same...
One director or single person can run multiple business with different company name in opc? It is possible.
Company start pantrathuku munnadiye company name la registration panna mudiuma bro...
I would like to start chits & finance one person company please advice me
Hi Sir.. Salaried person OPC start pannalama.. Salary as company income?. for Tax Bednifits.. Say 30L per annum salary vaangura oru aal...
Yarachum comments la keta video upload panniga.andha link aah comments la kuduka mudiyuma sir
Psara licence yeadhukuduka mudiyuma sir.
How to register msme for one person company
Share holders yaga find pannalam
How much fee for you sir?
The company should not be anywhere where it is company act details pls bro
I'm running a proprietorship firm is possible to register separate OPC without disturbing that firm..
Is possible to run OPC & PVT/LLP same person
Yes... Possible
Can you please explain and the meaning of retirement by rotation in company act in tamil
Sure... Will make it shortly..
Thanks for you support
@@LeIntelligensia Tq sir
Hello sir,TVR ரிஜிஸ்ட்ரேஷன் செய்வது எப்படி சார். நான் செக்ஷன் 8 சென்றல் கவர்மெண்ட் மூலமாக பதிவு செய்துவிட்டேன். ஆனால் எனக்கு ஸ்டேட் கவர்மெண்ட் மூலமாக நலவாரிய காட் வாங்குவதற்கு பதிவு எண் தேவைப்படுகிறது அதை எப்படி பெறுவது. ஓட்டுநர்கள் நலவாரியத்தில் இணைக்க வேண்டும். எங்களுடைய அமைப்பு ஓட்டுனர்கள் சங்கம். Pls Reply sir.
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*All business to employee documents solutions at a glance* .
New Year offer Zone Free credit card approval with RBL/icici/yes/SBI/bank and many more banks.
For any documents related queries contact us free consultation... Starting from Birth certificate to Company registration.
@@@Motor insurance/term plans/life insurance need only details free consultation..
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Old iron scrap private limited company vaikalama
Yes bro..
Can OPC invest in stock market ?
Yes possible
@@LeIntelligensia i have seen in online it shows like one person company cannot invest in Stock Market.
Can a opc have more than 1 director
Yes, possible
K....Can share holders be more than one pls tell me sir
@@sarandev4087 not possible
Manpower services business panthi sollinga sir
Sure bro... Will make it...
Sir
I am studying engineering 1 st year
Can I start a one person company ?????
Is Any initial money need for registration ?????
Should have attained 18 years of age
@@LeIntelligensia two months to 19 sir
@@krishdiycrafts4067 yes.. possible then...
@@LeIntelligensia sir OPC practical fees evlo sir including lawyer and bribe
30% income tax😮
கொஞ்சம் பொறுமையா சொல்லலாமே . Y this அவசரம்