A Sole Proprietorship Company

Also named as the sole trader, individual entrepreneurship or one-person company, this is a type of alliance that is owned and run by one person, there is no legal distinction between the business entity and owner. Before starting a one-person company within India you have to know some salient features of a one-person company. Look into the below topics :

• A sole proprietorship does not mandatory work 'alone' - An OPC does not mandatorily work alone.

• The owner (Proprietor) accepts whole profits (subject related to the taxation specific to the business) and has unlimited duty for all losses and debts.

• Each commodity of the business is owned by the owner and all debts of the business are the proprietors. - Each commodity of the business is owned by the owner and all debts of the business are incurred by the owner

• A sole traderThe owner may use a trading name or business name other than their or its legal name. They have the right to legally trademark their business name if it differs from their legal name, the process varying depending upon the country of residence

Documents required for one person company :

1. Choose Company Name
2. KYC of the Director
3. KYC of the Nominee
4. Registered office address proof of company(i.e; Electricty bill & tax paid receipt)
5. DSC of Director (if) - DSC of Director (if any, else we will prepare that for you)

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