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Sole trading concern to one person company

Satish Rajan (Secreterial Executive) (359 Points)

11 January 2017

What is the benefit of Converting a Sole trading concern into OPC (One Person Company)? Are there any tax advantages or any exemptions available?

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2 Replies

lokesh (student) (24 Points)
Replied 11 January 2017

Perpetual succession in case of limited liability in case of an OPC, as opposed to solve proprietership

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Legistify (33 Points)
Replied 11 January 2017

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