One Person Company is incorporated in Companies Act 2013 only. It is basically an incorporation of a proprietor form where a single person brings a capital to carry out the business The important aspect of One Person Company is the person who manages the business will not have the personal liability unlike the proprietorship firm. If you are looking for a simplest form of incorporation yet with the protection against the liability or the business risks or the business losses, then it is suggested that you should incorporate your startup as a one-man company. The One Person Company is also a private limited company with all the advantages the law provides to the Private Limited Company yet with lots of exemption in terms of compliances compared to a Private Limited Company Formation
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