A One Person Company (OPC) is a type of business entity that allows an individual to run a company with limited liability.
Single Ownership: As the name implies, an OPC is owned and managed by a single individual who holds both the role of the sole shareholder and the director. This grants the owner full authority over business decisions and operations.
Limited Liability Protection: A key benefit of an OPC is that it provides limited liability to the owner. This means the owner’s personal assets are protected and remain separate from the business’s liabilities. If the company faces financial challenges or legal issues, the owner’s personal property is typically shielded.
Distinct Legal Entity: Even though an OPC is owned by just one person, it operates as a separate legal entity. This allows the company to engage in contracts, own property, and incur liabilities independently of the owner, maintaining a clear distinction between the individual and the business.
