A One Person Company (OPC) is a new concept introduced by the Companies Act, 2013, to encourage single entrepreneurs to enter the corporate world. It allows an individual to form a company with limited liability without the need for multiple members or partners.

In an OPC, there is only one member who also acts as the director. This structure combines the benefits of a sole proprietorship, such as full control, with the advantages of a private limited company, particularly limited liability and legal entity status.

It is a great choice for small businesses and service providers who want to formalize their operations and gain credibility while ensuring that their personal assets are protected from business liabilities. An OPC has a perpetual succession and can be easily converted into a Private Limited Company as the business grows.