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 ONE PERSON COMPANY

 ₹
5000
 We Believe That You've Decided To Start Your Journey Into Business Arena. Let’s Take You
To One Step Closure To Know One Person Company Incorporation Process And Its Implication On
Business Structure. You Don't Have Excess Paperwork To Start An OPC.

ONE PERSON COMPANY REGISTRATION

 BASIC PACKAGE

₹4999 4999 + Govt Expenses

 

o 1 DSC & 1 DIN 

o Company Name Reservation
o Drafting Of MOA And AOA
o PAN 
o TAN 
o Certificate Of Incoporation
o Share Certificates
o Bank Account Opening Assistance
o Basic Letter Head Template As Per Applicable Compliance
o Package Applicable Only With Annual Compliance

 GET STARTED

 GOLD PACKAGE

₹7499   7499 + Govt Expenses

o Inclusive Of All Services From Basic Package Plus
o GST Registration
o MSME Registration
o Stamping Of Share Certificates
o Inclusive Of 10% Discount On The Services Of Basic Package

 GET STARTED

 PLATINUM PACKAGE

₹12999   12999 + Govt Expenses

o Inclusive Of All Services From Gold Package 
o Trademark Registration 
o Logo Design

What is One Person Company

Starting a business is the toughest decision one can take but it gives you the maximum fulfilment
of your dreams and desires. Your decision to begin your entrepreneurial journey starts with the
decision of selecting the right business structure to follow. One Person private Limited Company
can be chosen to build a scalable business. It’s the one of the most famous legal structure for the
business preferred after private limited company, like any other company it also have multiple
benefits such as limited liability, separate legal entity, ease in share transfer etc.

 
What is One Person Company (OPC)?
Earlier, there was no provision for a single person to start a company on its own without the
involvement of any other person. In order to encourage and support entrepreneurs who do not
want to involve any other person as an economic entity, the concept of OPC was set in motion
through the Companies Act, 2013 under Section 2(62). Under OPC one can avail the benefits of
a sole proprietorship and company.

The biggest advantage of OPC is – that there can be only one member as sole owner who will be
responsible for all the economic and organisation decisions. It is mostly preferred for the micro-
businesses.

Similar to private limited company, an OPC also have a capital requirement. This capital is
introduced by the shareholder. The capital amount can be introduced in two forms -

 Authorized share capital

 Paid up capital.

The minimum amount of authorized share capital, with which a company can initiate the
registration process, is 1 lac INR. However, there is no minimum cap on limit of paid up capital.
An OPC private limited company also has a certain set of rules and guidelines which are
confined in MOA and AOA. Memorandum of Association (MOA) and Articles of Association
(AOA) are the master documents of the private limited company determining the guidelines,
mutual rights and duties between directors and shareholders. MOA comprises of 6 clauses –

 Name clause – under this the name of the company is specified. The name is selected as per
the Rule 8 of Companies Act, 2013. It should not be identical to any existing company’s name
or with any trademark.
 Registered Office clause – This clause helps to determine the state jurisdiction of Registrar of
Companies.
 Object clause – In this clauses, one defines the object of the company. The object comprises
of all the activities or work to be carried in the organization. The company involve in any
activities outside their company’s object.
 Liability clause – under this clause, the liability of the shareholders is defined. In case of the
company limited by shared, the liability of the members or the shareholders is restricted by
the amount each member has agreed to contribute.
 Capital clause – This clauses defines the maximum number of share the company can issue

AOA (articles of association) defines the set of rules and regulations for the management. It lays
down the internal guidelines to be followed in the organization.

Is a One-Person Company right for you to start?

If you want to have full control over your business with limited liabilities, then OPC is the best
choice to start with. But ensure that you convert your business structure (within six months) to
the private limited company after crossing an average turnover of 2 crores over three
consecutive years or has a paid-up capital of over 5o lakhs.

Key highlights | Requirements |

Documents Required to Register One
Person Company
Why to choose OPC -
 Single owner can start their business
 Not affected by the death of a member or shift in ownership.
 Less compliance
 Limited liabilities of its members
 eligible for Banking loans, credits
 No interference from any third person can be involved

 
 Key highlights of OPC private limited company -
 Limited Liability – The limited liability shields the share holders from personal liability and
protects from other risks and losses.
 Attracts more vendors as well as employees
 Procures good investment from reliable investors.
 Increases the potential to grow and expand

Requirements for OPC registration -

 Only an Indian Citizen and resident in India can incorporate OPC.
 Entities such a Company or LLP cannot be a director in an OPC.
 The minimum authorised capital required to incorporate is Rs 1,00,000.
 A nominee must be appointed at the time of incorporation.
 Financial activities can’t be carried out in OPC

The Documents Required for Incorporation -

 Identity proof of all Directors (Aadhar card, Driving License, PAN card, Passport)

 Address Proof all directors (Voter ID card, Passport)

 Address proof of company registered office (Rent agreement, Possession letter etc.)

 Electricity Bill of the registered office building

 Bank statement/ passbook of the directors

 Trademark registration Certificate (if any)

Steps to Incorporate OPC (One Person

Company)
Step 1: Obtain DSC (Digital Signature Certificate)
 It’s necessary to apply for a Digital signature of the designated partners before starting the
company registration.
 The DSC is important as all the documents before submission are required to be digitally
signed.

Step 2: Apply for DIN (Director Identification Number)

 The application for DIN is mandatory for each director.
 The DIN application has to make in Form DIR-3.

Step 3: Name Approval and its Reservation

 The name approval is an important step to establish a company.
 RUN (Reserve Unique Name) form is filled for the reservation of the name given by the
company.
 The name provided must be as per the rule 8 of Company Registration Act, 2013
 Step 4: Preparation of form INC 33 and INC 34
 This step involves the drafting of MOA and AOA. These are drafted under INC 33 and INC 34
respectively.
 If required we can file for ESI, EPF, GST at the same time under the form names AGILE

Step 5: Incorporation of private limited

For the Incorporation of OPC private limited company, the incorporation forms (INC 33, INC 32,
AGILE) are uploaded with SPICe form INC 32. These are to be filled with Registrar of companies
of the respective state in which the registered office of the company is located.

Step 6: Approval of the documents

Once the SPICe form INC– 32 is approved, the registrar provides the company identification
number (CIN) along with PAN and TAN of the company

Corpseed Three Easy Steps for OPC Registration

 Fill-up our requirement form
 We'll collect all your documents and file them directly with the authority
 You'll receive your completed One-Person Company registration package by E-mail

If above benefits & Liabilities satisfy your business requirement, then OPC might best suit your
business needs. Now in order to run One Person Company, a little more preparation will
definitely go a long way.

 Our expert CA / CS will help you to identify the various types of licenses
/Registration/Permits required to start your One Person Company.
 For example, to start your food business as an OPC, you might need to register with
FSSAI or get FSSAI License.

 
Liabilities of a Private Limited Company
 OPC must nominate a nominee director in the MoA and AoA of the company, the nominee
director will become the owner of the OPC in case the sole Director gets disabled.
 NRI’s or Foreign nationals cannot own a One Person Company
 File annual returns with MCA (Ministry of Corporate Affairs)
 Annual account audit by a CA is mandatory
 One Person Company requires filing the annual return with the Income Tax Department
 HIRE YOUR COMPLIANCE OFFICER
TODAY
 Get 1 months free compliance support
 24/7 Expert Advice anytime anywhere
 200+ Top CA/CS/Legal Team
Each company in India has to follow a set of compliances as set by different other regulatory
bodies. The ‘Company Annual Compliance’ regimes need companies to gather their business
information and update the regulatory bodies such as Ministry of Corporate Affair (MCA), Income
Tax Department other regulatory bodies. 

Benefits| Limitation | Compliances and

Exemptions of One Person Company
Benefits under OPC Private Limited Company
Registration
 Separate Legal Entity: Company legal entity are separate than its shareholders/promoters.
 Perpetual Existence
 Capacity to Sue and to be Sued
 A Private limited company can sale, purchase and own the property like individual on its own
name.
 Private limited companies can easily avail financial assistance/borrowing from banks and
financial institution compared to another form of entity.
 Easy funding from investors
 Continuity of existence

Limitation of OPC –
OPC must be converted to a private limited company when –

 paid-up share capital exceeds Rs.50 lakhs

 Turn-over crosses Rs.2 crores.
 

Compliances and Exemptions of OPC –

 Complainces -
 Audit - Statutory audit of financial statements by CA every year
 Appointment of Auditor
 Board meeting - minimum two board meetings
  Yearly ITR filing
 Maintain statuary registers
 Form AOC-4 for financial statement
 MGT-7 for an annual return
 ESI and PF returns – if any
 GST returns – if any
 
Exmption - 
 OPC is exempted from holding Annual General Meetings and Board Meetings.
 Notice of the meeting is not required
 There is no requirement of quorum for meetings.
 No requirement of voting

Future Plan 
In case your OPC exceeds annual sales turnover by Rs.2.00 crores or the paid-up capital
exceeds Rs.50 lakhs, then it's mandatory to convert your OPC into a Private Limited Company. A
private limited company has less limitations and less liabilities as compared to OPC.

4 Easy Steps to Apply For One Person Company

Registration

Connect With Corpseed

Connect with the team corpseed to discuss specific requirements for your business at IVR: +91
7558 640 644 or hello@corpseed.com. It takes 20-25 minutes to discuss requirement.

Dedicated Manager

Once you discuss the requirement, we will align a dedicated Account managers to understand
your business needs and provide solutions and assist entire process.
 Real Time Update

Use our platform to track progress of application and many more. Always know what is going on
with your project, what is in progress, and what is done.

Job Completed

Once job is completed, you will receive complete registrations & certifications directly to your
email ID and at your doorstep

 LLP REGISTRATION
 ₹
5000
 Starting Business Is The Toughest Decision One Can Take And In Return, It Gives You The
Maximum Fulfillment Of Your Dreams And Desires. With Big Risks, Massive Rewards Wait. Let’s
Take You To One Step More Closer To Know Partnership Company Process.

REGISTER A LIMITED LIABILITY PARTNERSHIP (LLP)

 BASIC PACKAGE

₹2999 2999 + Govt Expenses

o 2 DSC & 2 DIN 
o LLP Name Reservation
o Drafting Of LLP Agreement By Legal Professional(S)
o PAN Application
o Corporate Identification Number (CIN)
o TAN Application
o Bank Account Opening Assistance

 GET STARTED

 GOLD PACKAGE
 5499   5499 + Govt Expenses
o Inclusive Of All Services From Basic Package Plus
o GST Registration
o MSME Registration
o Inclusive Of 10% Discount On The Services Of Basic Package

 GET STARTED

 PLATINUM PACKAGE

7499 7499 + Govt Expenses

 

o Inclusive Of All Services From Gold Package Plus

o Trademark Registration

What is LLP (Limited Liability Partnership

Company)?
The Limited Liability Partnership (LLP) is legal entity under which one can enjoy the benefit of
limited liabilities and general partnership. The LLPs are governed by the Limited Liability
Partnership Act 2008.

It is an upgraded version of general partnership and the partners are knows as Designated
Partners. In LLP partners can enjoy the benefit of limited liabilities. The registration of LLP is a
very simple process and is proffered most as it has lesser compliance to follow. LLPs are most
recommended for professional firms, micro and small businesses that are family-owned or
closely-held.

The partners in LLP have limited liability, meaning that personal assets of the partners can’t be
used for paying the debts of the company. Designated partners are liable only to the extent of
their contribution in the LLP mentioned in the agreement. Even if there are number of partners,
each partner is liable for their own decisions not for the other partner’s misconduct.  In this way,
all the partners are shielded from the joint liability.

The LLP is executed between the partners and the LLP agreement determines the mutual rights,
duties, and responsibilities of the partners. The LLP agreement must be printed on stamp paper
and the stamp duty to be paid on the LLP agreement is depends on the state of in which the LLP
is incorporated and amount of capital contribution from the partners.
 Is LLP right for you to start?
If you don’t want to take responsibility or liability for another partner's misconduct, incompetence
or negligence and also want to limit your liabilities for the debt and losses, also want to enjoy tax
benefits. Then LLP is the best option to go with.

Funding or Borrowing Capital

It’s easy for LLP to get funding or borrow capital from banks/Financial Institutes in comparison to
Sole proprietorship and Partnership type.

Benefits/Characteristics of the LLP

Formation
 Separate legal entity:  The LLP enjoys the status of a separate legal entity like a company
where partners are different from the company.
 Easy to form
 Liability - the partners have limited liability which means they are not liable to pay the debts of
the company from their personal assets. No partner can be held responsible for the conduct
of other partner’s misconduct.
 Easy transfer-ability of ownership: The transfer of ownership is easy, as it is easy to admit or
leave a partner.
 Perpetual succession: According to the provisions of the Act, the LLP will not be winded up in
case of death, retirement or insolvency of a partner. The LLP is not affected by the same; it
can continue its work.
 The inclusion of foreigners: According to the Act, foreign nationals including foreign
companies can be incorporated to form an LLP in India. In this case, at least one designated
person must be resident of India.
 To begin an LLP, minimum of two members are required. There is no upper limit set for the
maximum number of partners.
 No compulsory audit required: the audit in case of LLP is not mandatory, unless:
1- If the contribution of the LLP exceeds 25 lakh rupees.
2- If the turnover of the LLP exceeds 40 lakh rupees annually.

LLP Company Taxes

 LLP requires to file the annual return with the Income Tax Department
 Annual account audit is flexible and not applicable if turnover less than Rs.40 Lakhs per
annum.

Documents required for LLP registration

 PAN Card or Passport (Foreign Nationals & NRIs)
 Voter's ID/Passport/Driver's License
 Latest Bank Statement/Telephone or Mobile Bill/Electricity or Gas Bill
 Passport-sized photograph
 Specimen signature (blank document with signature [partners only])
  Any Utility bills
 Scanned copy of Rent agreement with NOC from owner

How to incorporate LLP Online?

Step 1: Obtain DSC (Digital Signature Certificate)

 It’s necessary to apply for a Digital signature of the designated partners before starting
the LLP Registration process.
 The DSC is important as all the documents before submission are required to be digitally
signed.

Step 2: Apply for DIN (Director Identification Number)

 The application for DIN is mandatory for every designated partner.

 The DIN application has to make in Form DIR-3.

Step 3: Name Approval and its Reservation

 The LLP name approval is an important step to establish a company.

 RUN (Reserve Unique Name) form is filled for the reservation of the name given by LLP.
 The name provided must be as per the rule 8 of Company Registration Act, 2013

Step 4: Incorporation of LLP

 For the Incorporation of LLP the incorporation form is to be filled with Registrar of
companies of the respective state in which the registered office of the LLP is located.
Step 5: Submission of Limited Liability Partnership Agreement/ LLP Agreement

 LLP agreement involves the rights and duties amongst the partners and also among the LLP
and its partners.
 LLP agreement must be submitted in form 3 within 30 days of the date of incorporation.

Limitations of LLP
 LLP cannot be formed by a single person.  If any NRI/ Foreign national wants to form an LLP
in India, then at least one partner should be a resident of India.
 Not preferred by Venture Capitalist for funding: VCs would be unwilling to invest
in an LLP structure. As per the LLP agreement all ‘shareholders’ in an LLP must be partners,
with certain responsibilities toward the entity. Investors usually want to invest only so they
prefer private limited company.
 Rights of partners: An LLP can be structured in such a way that one partner has more
rights than another. There is no one vote per share system.  This can lead to feel
compromised if higher shareholders choose to move the business in a direction that affects
their interests.
 High penalties: compliances in A LLP are minimal, but one does not complete them, it
could end up paying penalties more than a private limited company.
 Permission of Foreign Direct Investment (FDI) in LLP - As per FDI Policy, FDI in LLP is allowed
only through Government route, FDI in LLP under automatic route is not permissible.
 Three Easy Steps to Apply for LLP
 Fill out our basic requirement form
 We'll collect all your documents and file them directly with the authority
 You'll receive your completed LLP package by E-mail

4 Easy Steps to Apply For Register a Limited Liability

Partnership (LLP)

Connect With Corpseed

Connect with the team corpseed to discuss specific requirements for your business at IVR: +91
7558 640 644 or hello@corpseed.com. It takes 20-25 minutes to discuss requirement.

Dedicated Manager

Once you discuss the requirement, we will align a dedicated Account managers to understand
your business needs and provide solutions and assist entire process.

Real Time Update

Use our platform to track progress of application and many more. Always know what is going on
with your project, what is in progress, and what is done.

Job Completed
Once job is completed, you will receive complete registrations & certifications directly to your
email ID and at your doorstep