Benefits of One Person Company registration in Coimbatore:
Legal identity - OPC has its own legal identity, separate from its member.
Easy Conversion - It's easy to convert an OPC to other business structures with minimal paperwork.
No Minimum Capital - OPCs can start without any minimum capital requirement.
Access to Loans - Banks and financial institutions prefer lending to OPCs over proprietary firms.
Social Recognition - OPC is a popular business structure, which boosts customer confidence.
Tax Rate - OPCs are taxed at a 30% rate on profits, similar to private limited companies.
Easy Return Filing - Annual returns can be easily filed with the director's signature; no secretary's signature is required.
Limited Liability - Members' liability is limited.
Flexibility and tax savings - TDeductible expenses reduce taxable income, leading to tax savings.
OPC registration in Coimbatore offers several advantages for entrepreneurs and business owners.