Benefits of OPC Registration
- Legal identity
OPC registration in Bangalore provides a distinct legal identity separate from its owner.
- Easy Conversion
Converting an OPC to other business structures is hassle-free with minimal paperwork.
- Minimum Capital not required
TYou can start the firm within the sole promoter's capacity, and there's no strict capital requirement.
- Easy to Get Loans
Banking and financial institutions favour lending to OPCs over proprietary firms.
- Social Recognition
OPCs are a popular business structure, instilling confidence in customers.
- Tax Rate
OPCs have a 30% tax rate, similar to private limited companies, applied to all profits.
- Easy Return Filing
OPCs can easily file annual returns with the director's signature, eliminating the need for the firm secretary's signature.
These advantages make OPC registration in Bangalore an attractive option for entrepreneurs. If you have more questions or need further information, feel free to ask!