One Person Company Vs Sole Proprietorship: Which Is Right For You?
Looking to start a Business, all by yourself? You have two options: opening a sole proprietorship or a one-person company. Read this article to make the right decision. Until a few years ago, a sole proprietorship was the only option for a person who wants to start a business by themselves. Now you have an alternative option: a one-person company. The concept of the one person company (OPC) allows a single person to run a company limited by shares. A sole proprietorship is an entity that is run and owned by one individual where there is no distinction between the owner and the business.
In this article we are going to discuss about difference between OPC and Sole Proprietorship. If you are still not sure which one to pick for your business, feel free to reach out to us and our experts will guide you in making the right decision.