One Person Company registration in Banashankari is registered through Compliance resolution. OPC is the best thanks to begin your own company. A one-person company is the most popular style of business in Banashankari particularly for little scale business in terms of funding. An OPC is introduced for the primary time within the corporation’s Act, 2013 (India). In earlier times if One Person Company needs to begin an organization he has just one possibility, to figure as an owner. One Person Company means a company which has only one member. One Person Company is one of the significant anniversaries of the association Act, 2013, apprise to advocate self-employment. Basically it is a form of Private Limited Company where a single explorer can avail the assistance of a limited liability mechanism. One Person Company compulsory one member and one nominee, who become similar to the member of the company in case of the decease of any other incompetence of the original member. Unlike a Private Limited Company, an One Person Company does not require a minimum of 2 members or directors. A sole member is sufficient to incorporate a One Person Company. A-One Person Company is the best substitute for the industrialist who wants to carry an industry under a limited liability form without any tie-ups with the other members. A-One Person Company can be effortlessly modified to a Private Limited Company in the future if the need arises.

FEATURES OF A ONE PERSON COMPANY IN BANASHANKARI

SEPARATE LEGAL ENTITY: A company is a separate legal entity from the character excellent it. the ownership can be distinguished from its administration unlike in other business forms. A Company as a legal entity is capable of owning its funds and other properties.

LIMITED LIABILITY: The answerable of a company is not the accountability of its members. The members are only answerable for the amount they have attempted to accommodation when they subscribe to the shares of the company. The liabilities of the company are not the obligation of the people forming it.

PERPETUAL ENTITY: Association may come and may go but the company continues to live on forever. Perpetual continuation means the company shall continue to exist even if the member decease or break off, etc. Changes within the administration do not bring any effect on the identity of the company. The Company shall continue to exist till its wound up in congruence with the arrangement of the admissible law.

RAISING MONEY: Raising money as a limited business and a sole proprietorship or partnership can be challenging. You can effortlessly bring investment in your company by just controversy shares to anyone who needs to come and sail with you in your adventure. since association are governed by meticulous Legal  and have to comply with stringent acknowledgment norms, therefore they enjoy good credit excellence with the various financial association

EASY TRANSFERABILITY: In case you wish to transmission your business, you can simply do in this incorporated business model inconceivable in case of proprietary or a long-established partnership. It is easy to sell a company for a company than any other business form. As business association price will be relative to the business, not the owner, therefore making it easy to sell the Company.

ONLY ONE MEMBER: Unlike an accustomed Private Limited Company an One Person Company does not compulsory minimum Two directors or members. Only one member is sufficient to incorporate the business and in planned if there is any need to introduce any more member a One Person Company can be easily converted to a Private Limited Company. Only 1 director is sufficient in the case of One Person Company.

How to get One Person Company Registration in Banashankari?

One Person Company or OPC Company registration in Banashankari cost will depend on many factors like based on company nature and based company type which you have selected. Costing information can be decided by consulting experts. Consultry is the best team that can help you to get register your organization at an affordable cost. If you are looking to get register your organization feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/

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