What if I tell you that you can own your business single-handedly and still get all the benefits of a regular company? Sounds unbelievable, right! Well, in this video, we have explained the structure of One Person Company which allows you exactly to do so.

What is a One Person Company? 🏢 According to the Companies Act, a One Person Company is a type of Private Company which cannot have more than a single shareholder. This sole shareholder is entitled to 100% ownership and profits, but his liabilities are limited to the unpaid amount of his subscribed capital. Most importantly, One Person Company must be incorporated to conduct its operations legally in India.

Requirements to Start a One Person Company: 📋 To start a One Person Company, you must meet the following requirements:

1 Shareholder who is an Indian Citizen 

1 to 15 Directors 

A Registered Office Address 

A Unique & Valid Name

Adequate Amount of Capital

How to Incorporate a One Person Company? 🛠️ As far as the process is concerned, it can be completed in a series of simple steps. The video explains each of these steps in detail. Here’s a brief overview:

Obtaining Digital Signature Certificate (DSC)

Applying for name reservation

Preparations of MOA and AOA

Filling the Application for Incorporation

Issue of Incorporation Certificate

For more information, talk to our startup advisors! We also provide complete assistance in the One Person Company Registration Process. 💼👩‍💼👨‍💼