The new Company Law has introduced a new business entity called One Person Company, which has limited liability and can be started by a single person. This is an important step and will boost lot of small businesses to move to a limited liability structure.

In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about various features, scope, restrictions associated with a One Person Company along with what factors should be considered (both short and long term) before you decide to start a One Person Company.