Benefits Of OPC Registration
Legal identity - OPC registration in Coimbatore has its own legal identity which is separate from its member.
Easy Conversion - It is easy to convert an OPC to other types of business structures and paperwork is very less.
Minimum Capital not required - The minimum capital is not necessary; the firm can be started within the capacity of the sole promoter.
Easy to Get Loans - Banking and financial institutions prefer to lend money to this type of firm rather than proprietary firms.
Social Recognition - One Person Company is the most popular business structure. So it gives customers a sense of confidence in business.
Tax Rate - In Opc registration the Tax rate is 30% like the private limited company on all profits
Easy Return Filing - In Opc the annual returns can be filed easily along with the signature of the director. The firm secretary’s signature is not required.
Limited Liability - Liability of the members is limited.
Flexibility and tax savings - The tax savings are made by the deductible expenses which reduces the profitability of the firm and brings down taxable income of the business.