Convert Proprietorship to OPC

Protecting your interest

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Description

OPC has several advantages over proprietorship firms and is best suited for small size businesses. This business structure gives full autonomy to the individual to make decisions and at the same time limit the liability towards creditors safeguarding personal assets. The owner can appoint directors to run the business and also have the benefit of perpetual succession.

Benefits over Proprietorship firm:

  1. Separate legal entity
  2. Limited liability
  3. Perpetual succession
  4. organised structure
  5. Easy to manage
  6. Trusted form of business