One person company: All you need to know3 min read 30 Mar 2019, 08:15 AM IST
OPC is a legal entity separate from its member, offering limited liability protection to its sole member
From a tax perspective, OPC is not a beneficial form as it is taxed as a private company and pays tax without any basic exemption.
Mumbai: Working as a freelancer, for all practical reasons, is really just a business where you are the sole owner. Hence, the legal term “sole proprietor" applies to freelancers. But did you know that there is an alternative to a proprietorship model of business? Can the One Person Company (OPC) concept be incorporated in India, and does it offer freelancers an alternative to being a ‘sole proprietor’?