One Person Company (OPC)

A One Person Company (OPC) is a type of business structure that allows a single individual to operate as a separate legal entity. This means the owner has limited liability, protecting personal assets from business debts. It combines the benefits of a sole proprietorship—easy setup and control—with the advantages of a company, such as perpetual succession and credibility. OPC is ideal for individual entrepreneurs looking to formalize their business while minimizing risks. It is governed by specific legal regulations, ensuring transparency and compliance, making it a practical choice for startups and small business owners.