The New Companies Bill has introduced the concept of One Person Company (OPC). Now it will be possible to form Limited liability and corporate structure with just One Person in India. This a major step as lot of small business in India still runs as Sole Proprietorship and now they can look at moving to OPC.
In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about what OPC is, what advantages and disadvantages it brings as compared to a Sole Proprietorship business. They also take a very different view about registering your upcoming business/ idea as OPC and whether it really makes any difference to startups?
Last week’s video had covered ‘A Startup’s Perspective on the Companies Bill 2012‘
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