KAR SATHI · PRACTICAL GUIDE
Starting a business on your own comes with an important decision: should you operate as a sole proprietor or register a company?
01 · FROM THE GUIDE
A One Person Company is a company with only one member. The member owns the company, while its directors manage the business. The same person can be both the sole member and a director.
02 · FROM THE GUIDE
An OPC may suit a consultant, freelancer, agency owner or other solo entrepreneur who wants to operate through a company.
03 · FROM THE GUIDE
The final checklist depends on the applicant, proposed directors and registered office. The following records are commonly required.
04 · FROM THE GUIDE
For an OPC limited by shares, the member's liability is generally limited to any unpaid amount on their shares.
05 · FROM THE GUIDE
06 · FROM THE GUIDE
New company incorporation is carried out through the Ministry of Corporate Affairs portal using SPICe+ and the applicable linked forms.
07 · FROM THE GUIDE
OPC registration does not have one universal all-inclusive price.
08 · FROM THE GUIDE
Check for conflicts with existing companies, LLPs and trademarks. A domain name being available does not mean the company name will be approved.
Check current rules and your specific facts before filing or applying.
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