Why One Person Company Registration.
- Single Promoter :One Person Company is the only type of corporate entity that can be started and operated by a single promoter with limited liability protection in India.
- Uninterrupted Existence: A company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved.
- Easy Transferability:Ownership of a business can be easily transferred in a company by transferring shares.
- Make sure that the name does not exist which will help you to avoid hurdle in Private limited company registration process.
- Borrowing Capacity :Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.
- Owning Property :A company being an artificial person, can acquire, own, enjoy and alienate, property in its name.