Why private limited company There are several reasons why individuals choose to register a company as a private limited company: Limited Liability Protection: One of the key advantages of a pvt. limited company is limited liability protection. This means that the personal assets of the shareholders are generally protected in case the company incurs debts… Read More »
Can OPC invest in other companies The term “OPC” can have different meanings depending on the context. If you are referring to the One Person Company (OPC) structure, it is a type of company structure available in some jurisdictions that allows a single individual to establish a separate legal entity with limited liability. OPCs typically… Read More »
OPC to private limited Converting an OPC to private limited Company typically involves the following steps: Director Appointment: A Private Limited Company requires a minimum of two directors, whereas an OPC has only one director. Therefore, to convert an OPC to a Private Limited Company, you need to appoint an additional director. The new director… Read More »
Can a sole proprietorship have multiple businesses Certainly, a sole proprietorship can have multiple businesses. In fact, a sole proprietor has the ability to operate multiple businesses simultaneously as long as all the ventures are legal and adhere to any relevant regulations. Each business would maintain its own income and expenses, which would be reported… Read More »