Reasons to register a One Person Company
Single Shareholder/ Promoter
Only a natural person, who is an Indian citizen and resident in India shall be eligible to incorporate a One Person Company. One Person Company(OPC) is a type of corporate entity that can be started and operated by a single promoter with limited liability protection in India. A corporate form of legal entity in One Person Company ensures that the business has perpertual existence.
A company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved.
Separate Legal Entity
A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
One Person Company is considered to be a separate person therefore it will have a legal status and where it can sue third party or directors.
Being a Company opportunities to do the business are more in case of OPC.