Starting your one-person company
You can start your company in the country. However, you will need to take many steps. In many cases, you will choose options that are ideal for your business. So many new founders do not understand these options. This is where we come in. Our services include helping you choose the right options. We will also advise you on the best documents to submit.
How we will guide you to start this company
There are specific steps you need to take to start your one-person business. We will advise you on the best options that are suitable for your business. We will ask you simple questions about this company. From your answers, we will guide you on elaborate steps to take. This always results in fast approvals for all our clients.
GET STARTED
Why Csuitestartup
Your all-in-one solution for business setup, compliance, and growth. From company registration to essential filings and support services, we’ve got you covered. Let’s elevate our businesses together with our comprehensive services! Tap into the power of CSuitestartup now.
Personalized Solutions
360 Degree Comprehensive Support
Holistic Approach
Credible Reputation
Customer-focused strategy
Collaborative Partnerships
One Person Company Incorporation Guide
Are you qualified to start this company?
How qualified are you to start your one-person business in India? There is a process that you undergo to assess whether you can start this company. We also assist you in this regard. The requirements are:
- Only one shareholder
- The business owner should choose a nominee director as potential successor
- The sole director must live in India (at least 182 days)
- There is no minimum capital requirement for an OPC to be incorporated although capital is required for its operational expenditures.
- Should have a registered office location.
Documents needed to start a one-person company
You will need the following documents to start your one-person company in India. These includes:
Proof of Director – OPC
- PAN card (A Must Proof)
- Aadhar Card Scanned copy
- Aadhar Card or Driving License or Voter ID
- Residential Proof
- Passport size photo seamless white background
Address proof of Business Property
- The Rental Agreement must submit the notarize scanned copy. Agreement must be written in English and other languages are not accepted
- Recent Bank statement or Telephone or Mobile Bill or Electricity or gas bill Scanned copy of anyone.
- Rent Agreement or Property Tax Receipt
The process of starting your one-person business in India is simple. However, it may require several steps. It is our job to guide you through every step. We help you make the right decisions towards getting fast approvals. The steps involved in this process are:
- Understanding OPC in India
- Undergo the screening step
- File your documents
- Formalize your chosen business name
- Get an office location
- Get your bank account
How we help you set up your company
We have a team of experts that will hold you by the hand throughout the process. From registration to the approval process. Our team we help you handle all the legal aspects of the process. This is because we have in-house lawyers and other legal experts. Our document assessment teams will also help you with filing the right documents as well as guide you to make the right decisions.
- Provision of One Digital Signature Certificate (DSC)
- Application and procurement of Director Identification Number (DIN) for One Director
- Conducting Name Availability Search and Reservation
- Drafting and Finalization of Main Object Clause
- Preparation and Drafting of Memorandum of Association (MOA) & Articles of Association (AOA)
- Submission and Obtaining Certificate of Incorporation from Registrar of Companies (RoC)
- Facilitation of Company e-PAN and TAN (Tax Deduction and Collection Account Number) issuance
What to do post-incorporation of your one-person company
After you start your company, you will need to meet various requirements as applicable to your business. We have a team of experts that can help you to fulfill every one of these requirements. Our job is to ensure that your business operates legally in the country.
- Register MSME to get MSME certificate
- GST Registration
- DPIIT Startup Recognition
- Opening Bank Account (Current Account)
- Accounting Software, Invoicing, e-Invoicing, & GST software
The total time it takes to complete a one-person business registration in India varies. However, it can take about 10 business days. This depends on fast you get an approval.
All About One Person Company
About this company
Known as OPC, one-person company is a simple business with a unique legal identity. With this business, one person acts as the owner and manager of the company. They have a full control of this business. We have a team of experienced OPC experts that will help you with all the steps of the process. We guide you on your decisions when starting your company in India.
An OPC (One Person Company) is. Managed by an individual who serves as both the shareholder and director. This person owns all the company’s shares. Oversees its operations. However, there is a limit to appointing, up to 15 directors per member. As per the Companies Act 2013 the sole member must designate a nominee who will step in to manage the company if the member is unable to do due to incapacity. One significant advantage of an OPC is liability, which ensures that the owner’s liability is confined to their investment, in the company, safeguarding assets from business debts.
One-person company: Benefits and drawbacks
A one-person company comes with both the good and the bad sides. They are:
- Easy access to startup money
- Few compliance requirements
- Simple registration process
- Easy to be managed
- Can continue after the death of the owner
Disadvantages of a company
- Limited capital
- High taxes
Start your OPC now
You don’t have to delay in starting your OPC. Come with what you have and we will help you with the full process. Our job involves providing the right expertise to ensure that you start your business successfully.
Frequently Asked Questions
You should be staying in India for you to start this company. Alternatively, the owner should have lived in the country for a minimum of 182 days.
If you want to register your one-person company, we can help you guarantee a fast process. This process should take a few days.
The entrepreneurs who plan to start a OPC company must avail DSC as start the process. The DSC stands as Digital Signature Certificate which is a must documents and subsequently, he / she must obtain DIN Director Identification Number. As soon as the above docs were procured, they can apply for incorporation along with PAN, Aadhar, photo of the
entrepreneur and the NOC from owner of the building for the rental office.
The process of registering your OPC comes in two parts. Part A and B that involves required steps. The first is name approval Space + form and part B is DIN and PAN
There two types of OPC one is Limited by share and Limited by guarantee
Our agency specializes in helping clients register their one person companies. We have many years’ experiences on helping different clients with successful company registration.