Businesses often need to borrow money. With sole proprietorships, proprietors are personally liable for all the debt. So if it cannot be repaid by the business, the proprietor would have to sell his/her car, house or jewellery to do so. In an OPC, only the amount invested in starting t...
Similar to aPrivate Limited Companyand unlike Sole Proprietorship, OPC allows limited liabilities. No Board Meeting formalities One Person Company is not liable to conduct board meetings or general meetings. More Business from Proprietorship One Person Company can attract keen investors who are not inte...