Gain peace of mind with limited liability—your personal assets stay protected, and you're only responsible for what you contribute.
An OPC continues to exist even after the owner's demise, with ownership transferable as per legal provisions.
Simpler to establish and manage than a private limited company, making it an ideal, hassle-free option for solo entrepreneurs.
| Feature | One Person Company | Private Limited Company | Limited Liability Partnership | Partnership Firm | Proprietorship Firm |
|---|---|---|---|---|---|
| Applicable Law | Companies Act, 2013 | Companies Act, 2013 | Limited Liability Partnership Act, 2008 | Indian Partnership Act, 1932 | No specified Act |
| Registration | Mandatory | Mandatory | Mandatory | Optional | No |
| Number of Owners | Only 1 | 2 - 200 | 2 - Unlimited | 2 - 50 | Only 1 |
| Separate Legal Entity | ✔ | ✔ | ✔ | ✖ | ✖ |
| Liability Protection | Limited | Limited | Limited | Unlimited | Unlimited |
| Statutory Audit | Mandatory | Mandatory | Not Applicable | Not Mandatory | Not Mandatory |
| Ownership Transfer | No (Restricted) | ✔ | ✔ | ✔ | ✖ |
| Perpetual Existence | ✔ | ✔ | ✔ | ✖ | ✖ |
| Foreign Investment | ✔ | ✔ | ✔ | ✔ | ✖ |
| Taxation Liability | Moderate | Moderate | High | High | Low |
| Compliance Requirement | Moderate | High | Moderate | Low | Low |