One Person Company (OPC) is a type of business structure in India that allows a single person to start and operate a company with limited liability protection. It is a popular form of business structure for solo entrepreneurs who wish to enjoy the benefits of a company while still retaining complete control over their business operations.
CFS is a company that provides services related to setting up an OPC in India. The company offers end-to-end solutions for company incorporation, which include the drafting of memorandum and articles of association, obtaining director identification numbers, name approval, and other legal and regulatory requirements.
Additionally, CFS also provides ongoing compliance services for OPCs, which include filing of annual returns, conducting board meetings, and maintaining proper books of accounts. This ensures that the OPC is compliant with all legal and regulatory requirements, and avoids any penalties or legal issues.
One of the key benefits of an OPC is that the owner enjoys limited liability protection, which means that their personal assets are protected in case of any legal or financial issues faced by the company. CFS helps ensure that this protection is maintained by providing guidance on compliance with legal and regulatory requirements
Another advantage of an OPC is that it has a separate legal entity status, which means that it can enter into contracts, acquire assets, and conduct business operations in its own name.
CFS assists in the process of obtaining this legal entity status and provides ongoing support to ensure that the OPC remains compliant with legal and regulatory requirements.
Overall, CFS’s work revolves around helping entrepreneurs and businesses set up and run their companies in a legally compliant and efficient manner. Their expertise in company incorporation and compliance ensures that their clients can focus on their business operations, without having to worry about legal and regulatory requirements.
