Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Christine Diaz   28 June 2021

OPC vs sole proprietorship for IT service company

What are advantages of OPC vs sole proprietorship for an individual offering  IT services to foreign clients? Thanks sir :) Which should one prefer ?

 3 Replies

CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     28 June 2021

It mostly depends on the demand of your prospective clients.
Legally from Indian context proprietorship is easier to handle than OPC.
CA Puja Sharma

CA Puja Sharma (Chartered Accountant)     28 June 2021

Yes, i will agree with Mr. Zafar. Further there is tax benefit also if you conduct your business as a sole proprietor because slab rate will apply upon you. 

i am Kashif

i am Kashif   29 June 2021

But opc gives separate legal entity limited liability of sole member its be like private company

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags