Being the sole proprietor is the most convenient way of conducting the business. By converting the sole proprietorship into One Person Company, it is shifting the same business model into an improved legal structure. In the One Person Company, there is only 1 person holding the control of the company, yet, his liability is limited with respect to the company.

Benefits of conversion from Proprietorship to One Person Company

Separate legal entity

The OPC holds a separate legal entity from its Shareholder.

Better business opportunities

The One Person Company holds the better business opportunities as compared to the sole proprietorship firm. While dealing with the OPC, the suppliers and customers feel confidence as compared to the sole proprietorship.

Documents required for Conversion

  • Self-attested copy of PAN Card of the Shareholder and Nominee. In case of Foreign nationals, a valid passport is required.

  • Self-attested copy of Identity proof of the Shareholder and Nomines (Aadhar card, Driving Licence, Voter ID, Passport)

  • Self-attested copy of Address proof of the Shareholder and Nominee (Latest electricity bill /  telephone bill /  bank statements)

  • Latest photographs of Shareholder and Nominee.

  • Address proof of Registered business premises (Latest electricity bill / telephone bill)

  • Rent agreement in case the premises is leased or rented.

  • NOC from the owner of the property.