One Person Company (OPC) - OPC is a specific type of business entity that is created by an individual entrepreneur who wants to establish and run his/her own company with limited liability. Unlike the sole proprietorship business structure, OPC has its own identity apart from its owner. Thus, the owner’s personal properties are not at risk in the business. The individual entrepreneur gets the advantages of running a corporate entity while still enjoying total control over the business. OPCs are the most suitable business structure for individual entrepreneurs who wish to establish their own business with minimal compliance.
Key Points:
Owned and managed by an individual entrepreneur
Provides limited liability to the individual entrepreneur
Combines the advantages of corporate structure and minimal compliance