Here are the major reasons why people prefer One Person Company:
All of the rewards,
none of the risks
In a One-Person Company (OPC), a single promoter acquires complete control over the business, limiting his or her liability for contributions made to the enterprise. The idea of OPC was established to assist entrepreneurs who are capable of launching their own businesses on their own.
01
You can sleep easy knowing your personal property is safe in a private limited company, no matter the debts of the business
02
Less paperwork to complete and comply with compared to being a private limited company
03
As an OPC Company has a separate legal identity, it will continue to exist and can even be passed on to your nominee(s)