Always wanted to be the boss? The one calling all the shots? Your brilliant idea becoming a reality? You most certainly can-even if you do it alone.
Starting your own business is scary enough, but fortunate for Indian Entrepreneurs and those seeking India is this very simple alternative in One Person Company or simply OPC. I am very excited that through Startupflora, entrepreneurs just like you find the ultimate means to grow we will help you cheer through starting and growing your own enterprise journey.
So what's an OPC?
An OPC is just one of those odd kinds of companies that single person needs to have for his benefit and at the same time, allow one man to own a company. This means you are enjoying all the conveniences combined with the advantage of protection, while you also benefit by dealing with all that goes with running an OPC using your own hands.
So why look into an OPC?
This is what makes an OPC that fits the bill best for you:
Limited Liability: Your personal assets such as your car or house, are not affected by the debts of the business. Therefore, if the business has trouble, you do not lose everything.
Single Ownership: You are your own captain. You can decide anything, and no one has any authority to overrule your decisions.
Separate Legal Entity: Your OPC is considered a separate legal entity that distinguishes you. It can even sign contracts, own properties, and even be sued or sue in its name.
Easy to Manage: No dealing with partners or shareholders. Just you, making decision-making and operations much simpler.
Enhanced Credibility: Operating as a registered company enhances your credibility with customers and suppliers.
How to Start an OPC in India
Ready to take the leap? Here is how to start a startup company in India as an OPC.
Select a Unique Name: No other person must be running any business under the same name for his or her business.
Register your company: That's where Startupflora comes into the picture. We will help you walk step by step as, how to register a private limited company is to in the proper manner.
Obtain Necessary Licenses : Depending on what type of business you wish to start, you would need certain licenses or permits.
Open a business account: You would require a separate bank account for all your business work.
OPC vs LLP: Which one is right for you?
For sole owners, there exists another alternative too- a Limited Liability Partnership. Here's a quick comparison that will guide you to take a decision on which one of them is most appropriate for you:
OPC: Suitable for one-man companies who want to be in complete control and a structure that is nearly minimal.
LLP: For business houses that have more than one partner and need flexibility and liability protection.
Startupflora: How to Start Business in India
The procedure of starting your business, especially when it is a single entrepreneur, is really intimidating. Therefore, the platform of Startupflora aims at guiding you with expert advice on:
How to start a company: We shall coach you through the process step by step, right from the correct form of business structure to registering your company.
How to start a company in India: We shall lead you by unearthing legal and regulatory requirements.
Procedure on how to start a private limited company: We seek step-by-step advice on the same and ensure that you do not have any kind of hurdles through the registration process.
Business planning: This is very necessary. We could help your business come up with its roadmap.
Funding: We can provide you with potential investor lists and are also able to help raise funds for your business.
Legal and compliance: Your business will be compliant with relevant laws and regulations.
Take the Leap!
Never be such a person who would detain you from venturing by own and run a firm just because that would be a one-man operation. Everything that proper structures and appropriate supports can do, the one-man-owned and operated company, regardless of whether it is an OPC or LLP or a company in some other forms, run perfectly.
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