Converting a private company to a One Person Company (OPC) is a popular option for many entrepreneurs in India, particularly for those who are sole proprietors or wish to limit their liability. An OPC is a type of company that has only one member, as the name suggests, and is ideal for small businesses with…
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Steps for Converting a Private Company into an OPC
Converting a private company into a One Person Company (OPC) is a process that involves changing the structure of the company from a private limited company to a single-member company. OPCs are a type of business structure designed for solo entrepreneurs and small businesses who want to enjoy the benefits of a limited liability company…