A One Person Company (OPC) is a great option for a solo venture creating a single financial product because it only requires one member. OPC offers the same liability protection as a traditional company.
Limited Liability Protection
An OPC offers LLP to its owner, safeguarding their personal assets from business debts and liabilities.
Single Ownership and Control
An OPC is a company that is owned and run by only one person, giving them the freedom to run the company.
Separate Legal Entity
An OPC is a distinct legal entity with its own legal identity, rights, and obligations, distinct from its owner.
Tax Benefits and Compliance Simplification
OPCs frequently receive tax benefits and incentives aimed at fostering small businesses.