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OPC vs. Sole Proprietorship

OPC and Sole Proprietorship are two different business structures. OPC is governed by Companies Act governed by two different acts namely Companies Act and Shop and Establishment Act respectively. The concept of One Person Company encourages single and enthusiastic entrepreneurs to operate own venture. However, a Sole proprietorship is a form of business in which one person owns all the assets of the business, in contrast to partnership or corporations. Working as a Sole Proprietor grants you..

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OPC Annual Filing: Important Statutory due dates for FY 2020-21

One Person Company is a company that has only one person as its member. Being just one member company, the OPC has lesser compliance requirement compared to Private Limited Company or Limited Liability Partnership. However, It is important to look in to the Important Statutory due dates for OPC Annual Filing due dates falling in the year as soon as the new financial year starts so that the OPC can be well prepared for all the compliance to be met well in advance. Here we have prepared a calendar..

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