A One Person Company (OPC) is a business structure introduced under the Companies Act, 2013, allowing a single entrepreneur to establish a company with limited liability. It combines the advantages of a sole proprietorship with the legal status of a company, making it an ideal choice for solo business owners, professionals, consultants, and startups.
An OPC offers limited liability protection, a separate legal identity, complete ownership and control, perpetual succession through a nominee, and enhanced business credibility. It also provides easier access to banking facilities, government registrations, and business opportunities while requiring relatively simpler compliance than larger companies.