A One Person Company (OPC) is a business structure designed for entrepreneurs who wish to operate as a corporate entity without requiring partners. It combines the benefits of a private limited company with the simplicity of sole proprietorship.

Key Features
Limited Liability: Your personal assets remain protected as the liability is limited to the amount invested in the company.
Single Shareholder: OPC allows a single individual to own and control the entire business.
Separate Legal Identity: The company operates as a distinct legal entity, capable of entering into contracts, owning property, and being sued or suing in its own name.
Capital Requirements: While there may not be strict minimum capital requirements, there are limits on the maximum paid-up capital in some jurisdictions.
Flexibility in Conversion: OPCs can be converted into other types of companies, such as private limited, as the business expands or if additional shareholders are needed.
Compliance: Similar to other companies, OPCs must maintain proper financial records, file annual returns, and meet statutory compliance requirements.
Business Restrictions: Some jurisdictions may restrict OPCs from engaging in specific high-risk or regulated activities.
Steps to Incorporate an OPC in India
Pre-Incorporation

Name Search: Ensure your desired company name is available through the MCA portal or Corpo’s services.
Digital Signature Certificates (DSCs): Obtain DSCs for the proposed directors.
Director Identification Numbers (DINs): Apply for DINs for the directors.
Drafting MoA and AoA: Clearly outline your company’s objectives, governance rules, and authorized capital.
Incorporation

Filing Form SPICe+ (INC-32): This includes the MoA, AoA, director details, PAN, TAN, and GST registrations.
Government Fees: Pay the applicable registration fees.
Post-Incorporation

Certificate of Incorporation: Issued by the Registrar of Companies (ROC).
Bank Account Setup: Open a corporate bank account with authorized signatories.
Tax Registrations: Complete PAN, TAN, and GST registrations.
Other Licenses: Obtain additional registrations like EPFO, ESIC, or Shop & Establishment if required.
Start Business: Begin operations after fulfilling all legal requirements.
Why Choose Corpo?
Corpo simplifies the incorporation process with expert guidance, ensuring seamless registration and compliance.