What is a difference between sole Proprietorship and One Person Company (OPC)?

What is a difference between sole Proprietorship and One Person Company (OPC)?

In a move to increase corporate business in India, the government introduced the concept of One Person Company (OPC) in the year 2013. Since then it is taken as a substitute for sole proprietorship entity in India. Further, there is no denying fact that OPC company is far more superior and better than the traditional sole Proprietorship business.


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