What are advantages of OPC vs sole proprietorship for an individual offering IT services to foreign clients? Thanks sir :) Which should one prefer ?
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OPC vs sole proprietorship for IT service company
Replies (5)
It mostly depends on the demand of your prospective clients.
Legally from Indian context proprietorship is easier to handle than OPC.
Legally from Indian context proprietorship is easier to handle than OPC.
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.
But opc gives separate legal entity limited liability of sole member its be like private company
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