Legal Standing: The OPC enjoys a separate legal entity status, shielding the member from personal liability. The member's liability is limited to the value of their shares, protecting them from company losses. [Liability Protection, Legal Entity]
Easy Access to Funding: Being a private company, OPCs can effortlessly raise capital from various sources such as venture capital, angel investors, and incubators. [Funding Accessibility]
Less Conformity: OPCs receive exemptions from certain compliance requirements under the Companies Act of 2013, including the preparation of cash flow statements and maintenance of annual reports and account books. [Compliance Exemptions]
Easy Integration: Integrating an OPC involves minimal legal complexities, with approval required from a member serving as a director. There is no mandatory minimum paid-up capital requirement. [Integration, Capital Requirement]
Easy to Manage: Administration of an OPC is simplified as a single person can both establish and lead it. Decision-making processes are swift, and resolutions can be easily passed, minimizing internal disputes or delays. [Management Efficiency]
Constant Repetition: Despite having only one member, an OPC enjoys perpetual succession. A nominee must be chosen by the single-member during incorporation, ensuring continuity of operations in the event of the member's demise. [Succession Planning]