One Person Company (OPC):

One person company is an advance form of sole proprietorship and company form of business as per the companies act, 2013. The main goal of OPC is to bring out more entrepreneurs to the business world who can own and manage a business and can act both the member and director of the company.

In the name itself, we can clearly understand its advantage as “only one member” unlike the LLP and pvt ltd company. This one offers limited liability protection to its shareholder and gives an advantage in continuity of business.