Overview:-
One person company is a single-person registered entity introduced in the Companies Act,2013. Traditionally a single person was not able to register a company and had the option of sole proprietorship only. With one person company, you get the benefits of a company as well as a sole proprietorship. A one person company has more benefits than a sole proprietorship but it varies from business to business. It has fewer legal compilations than a Pvt.Ltd company. A one person company can have one director and one member who can be the same person.
Benefits:-
- The sole shareholder's liability in an OPC is restricted by the Companies Act to the unpaid subscription money registered in his or her name.
- Succession.
- Market Value.
- Easy Credit.
- Simpler Returns Filing.
- Tax Rate.
What kind of business should go for a One person company?
- Small business with limited needs
- Service-based business
- Please add something for traders too
Documents Required:-
- PAN cards of Individual serve as identification.
- IdentityAddress verification documents (a Drivingdriver's license, voter ID card, or Passport or Aadhar Card).
- Address verification documents (Bank statements or the property's utility bill or Phone Bill for location credentials).
- Utility Statement for the anticipated registered office of the LLP.
- Certificate of No Objections from the landlord.
- a replica of the lease contract signed by the landlord and the LLP.
- A rental agreement that is registered or notarized.
- The property owner's NOC irrespective of the property owner.
- A duplicate of the property deed or sale deed (for an owned property).
- Address verification documents include a driver's license, voter ID, or Passport..
- Bank statements Light Bill or the property's utility bill serve as residence credentials.
- Utility Bill for the LLP's intended registered office.
- Landlord's Certificate of No Objections.
- Copy of the lease agreement between the landlord and the LLP.
Steps to start:-
- Name approval applicationApply for DSC first (Digital Signature Certificate).
- Apply for DSC first (Digital Signature Certificate).
- Apply for DIN.
- Name approval application.
- Filing the form MCA.
- Issue of the certificate of Incorporation.
What we offer:-
- Directors identification number for 1 director.
- Digital signature certificate for 1 director (If the shareholders are different from directors, then additional DSC is required for shareholders).
- Guidance for choosing the company name.
- PAN and TAN.
- PF registration.
- ESI registration
- Name approval certificate.
- GST registration.
- PT registration (only applicable in Maharashtra).
- Drafting the memorandum & articles of association, RoC filing fees for an authorized capital, government stamp duty, and certificate of incorporation.