OPC Registration in Chennai

OPC registration in Chennai is always desirable since it can be done at an affordable cost and an easy process. Our prestigious firm has now extended its wings in various places of Chennai like Pudupettai, Sholinganallur, Santhome, Triplicane, Tambaram and Corpstore is one of the pioneer in assisting the registration process. We have group of experts who can assist in the registration process from beginning till the end. We work for the complete business satisfaction of the clients. OPC is introduced as the best refinement over the other form of the business. In this form of the company, the person who is willing to start the business does not need to search for other person to join with him or her. A single proprietor gains the full authority over the company. If the OPC has capital more than Rs. 50 lakh and the turnover is crossed Rs. 2 Crore- then it has to be converted into another form of the company.

OPC registration in Chennai is the best option since the owner and the business are considered as two separate and single entities. The owner’s liability is limited to his or her investment in the company. It means that if any insolvency occurs, then the personal assets are not touched. Hence, limited liability is much needed benefit for any forms of the business and OPC is not an exceptional case. Individual taxation is available for the OPC; the income generated by the company can be treated as the owner’s income. It is then taxed as an individual’s income. An appointed designated nominee can run the company if the owner happens to kick the bucket. The most important point is the nominee must be the citizen of India. Online OPC registration in Chennai is important since it is now the most expected form of business which paves the way to encourage the start-ups.