ServicesPlus: Simplify Your One Person Company

1. www.servicesplus.in ONE PERSON COMPANY READ MORE

2. INTRODUCTION 2024-2025 A One Person Company (OPC) is a type of business structure in India that allows a single entrepreneur to operate a company with the benefits of limited liability and a separate legal identity. This structure is ideal for solo entrepreneurs who want to start a business without taking on partners. With an OPC, you can enjoy the advantages of a private limited company, such as easier access to funding, credibility, and legal protection, while maintaining full control over your business. At ServicesPlus, we specialize in helping you set up your One Person Company with ease. From obtaining the Director Identification Number (DIN) and drafting the Memorandum of Association (MoA) and Articles of Association (AoA) to securing the incorporation certificate, our expert team handles everything. With ServicesPlus, you can focus on growing your business while we take care of all the legal and administrative aspects.

3. WHAT IS ONE - PERSON COMPANY 2024-2025 A one-person company is a business operated by a single individual who handles all aspects of the company’s operations. This person, often known as a sole proprietor or independent entrepreneur, is responsible for every role, from providing services or products to managing finances, marketing, and customer relations. One-person companies are typically small and highly flexible, allowing for quick decision-making and personalized client interactions. They often specialize in niche markets or offer customized solutions that larger companies might not. Despite their size, these businesses can be highly efficient and offer a unique level of personal attention to clients. The owner has complete control over the company’s direction and strategy, making it a highly adaptable and focused business model. READ MORE

4. BENEFITS • Single Ownership: OPC allows quick decision-making and efficient business management without interference or suggestions from other owners, fostering a sense of ownership and motivation for growth. • Credit Rating: OPC's credit score doesn't affect loan applications, making it more accessible for businesses with varying credit profiles. • Income Tax Benefits: OPCs enjoy income tax deductions, with a standard tax rate of 30%, surcharges based on income, and taxation as a domestic company. The director’s salary is an allowed expense. • Interest & Remuneration: Interest and remuneration are considered taxable income, with a moderate tax burden. Repaid loans to directors are taxable.

5. Enterprises Development Act: Newly incorporated OPCs qualify as Micro, Small, or Medium Enterprises, entitling them to receive interest rates three times the bank rate for late payments. • Easy Funding: OPCs, if private limited, can raise funds from venture capital, angel investors, and financial institutions, transitioning into private companies. • Limited Liability: OPCs offer limited liability, safeguarding personal assets and encouraging risk-taking among entrepreneurs. Ideal for innovative startups.

6. www.servicesplus.in ABOUT US At Services Plus, we are dedicated to delivering exceptional business solutions. As a trusted leader in business process management, digital transformation, and technology services, we have a 13-year track record of helping organizations across various industries enhance their operations and adapt to changing market conditions. Our comprehensive services include company registration, GST compliance, food licenses, trademark and copyright registration, and more. We are committed to supporting your business's growth and agility, ensuring you stay competitive and prepared for future challenges. Trust us to provide the expertise and support you need for your business success. 2024-2025

7. CONTACT US 2024-2025 +91 9899184918 sales@servicesplus.in www.servicesplus.in C 203, 3rd Floor, Sector 63, Noida

8. THANK YOU