OPC (One Person Company) has gained popularity among individuals due to several advantages it offers. Firstly, it allows individuals to establish a separate legal entity with limited liability protection, meaning their personal assets remain separate from the company's liabilities. This provides a sense of security and financial protection for the individual. Additionally, OPC allows a single individual to have complete control over the company's operations and decision-making, enabling quick and efficient decision-making processes. It also eliminates the complexities and challenges that arise from having multiple partners or shareholders. Moreover, OPCs benefit from certain exemptions and relaxed compliance requirements compared to other types of companies, making it easier for individuals to manage their business affairs. These factors make OPC an attractive choice for individuals who wish to enjoy the benefits of limited liability, retain control over their business, and simplify the overall management and compliance aspects of the company.
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