The biggest advantage of a One Person Company is that there can be only one member in a OPC, while a minimum of two members are required for incorporating a Private Limited Company or a LLP. OPC must be converted into a Private Limited Company, if it crosses an annual turnover of Rs.2 crores and must file audited financial statements with the Ministry of Corporate Affairs at the end of each Financial Year like all types of Companies. IL has the expertise in all kinds of company registrations. Feel free to contact us at NRI Vision and we will get back to you as soon as we can.
One Person Company
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